German industrial output down in August

09 Oct 2012

1

German industrial output declined in August due to a weaker construction sector, according to economy ministry data, suggesting that Europe's largest economy was weathering the euro zone crisis relatively well.

Industrial production in Germany was down by 0.5 per cent on the month in August.

Construction sector activity was down by 2.8 per cent and factories rolled out 1.3 per cent fewer intermediate goods, pulling the overall output down. Energy output, which was up 1.5 per cent, was among the positive developments.

"The trend in production continues to be quite stable," the ministry said in a statement.

The July data was slightly revised downwards to a rise of 1.2 per cent from a previously reported gain of 1.3 per cent.

Meanwhile, Germany's trade surplus rose to a five year peak in August following a surprise surge in exports, highlighting the economy's resilience to the euro zone crisis, although economists see a slowdown looming.

Latest articles

Honda scales back China operations amid weak sales and EV transition pressure

Honda scales back China operations amid weak sales and EV transition pressure

Textiles ministry explores duty relief measures to support exports amid cost pressures

Textiles ministry explores duty relief measures to support exports amid cost pressures

India withdraws COP33 hosting bid amid evolving climate diplomacy priorities

India withdraws COP33 hosting bid amid evolving climate diplomacy priorities

Andhra Pradesh clears ₹2,500 crore cathode plant to strengthen EV supply chain

Andhra Pradesh clears ₹2,500 crore cathode plant to strengthen EV supply chain

The $166 billion reset as US customs prepares tariff refund processing rollout

The $166 billion reset as US customs prepares tariff refund processing rollout

Fuel protests intensify in France as TotalEnergies workers raise wage concerns

Fuel protests intensify in France as TotalEnergies workers raise wage concerns

Bullion bottleneck eases as government clears banks for gold and silver imports till 2029

Bullion bottleneck eases as government clears banks for gold and silver imports till 2029

Italy faces renewed nuclear debate as IEA urges policy rethink

Italy faces renewed nuclear debate as IEA urges policy rethink

Turbulent skies as West Asia conflict hits Indian aviation and tourism

Turbulent skies as West Asia conflict hits Indian aviation and tourism