You are here: Home » International » News » Economy
Business Standard

Holidays sink German industrial output in October by 1.4%

The two successive declines came after an increase of 2.6 per cent in August, the biggest rise in more than six years

Reuters  |  Berlin 

German industrial production fell unexpectedly in October, data showed on Thursday, but the cause was probably public holidays that let workers take long weekends, the Economy Ministry and analysts said. Industrial output decreased by 1.4 per cent after falling by a revised 0.9 per cent in September. The two successive declines came after an increase of 2.6 per cent in August, the biggest rise in more than six years. "Looking at the bigger picture, despite today's drop, developments over the year 2017 so far confirm that the weak spots of the past few years — ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, December 07 2017. 16:17 IST
RECOMMENDED FOR YOU