ZCZC
BCN-25
GERMANY-ECONOMY-INDUSTRY
German industrial production slips again in August
BERLIN, Oct 8, 2018 (BSS/AFP) – German industrial production slipped again
in August, official data showed Monday, amid fears that a global trade war
could erupt.
Production for August declined 0.3 percent from July, well under the
expectation of a rebound of 0.15 percent forecasted by analysts surveyed by
Factset financial services.
The fall was however less severe than in July when industrial production
dropped 1.3 percent.
The negative figure came as a reminder of the tense international economic
outlook despite Friday’s data showing a strong rebound in new orders for
German industrial firms in August.
Production fell for investment goods and construction output in August.
But others sectors, like consumer goods and energy posted a rebound.
Economic growth in Germany has slowed from the high pace seen in late
2017, as trade war fears have weighed on confidence in the export-reliant
country.
BSS/AFP/HR/1320