Investing.com – Industrial production in Germany fell unexpectedly in September, official data showed on Monday.
In a report, Destatis, Germany’s federal statistical office said industrial production fell by a seasonally adjusted 0.8% in September, after rising by 1.5% August, whose figure was revised down from 1.7%.
Analysts had expected industrial production to rise by 0.4% in September.
The report said that year-on-year, German industrial production rose by 7.9% in September, after rising by 10.7% in August.
Analysts had expected industrial production to rise at an annualized rate of 9.5% in September.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD tumbling 0.97% to hit 1.3896.
Meanwhile, European stock markets were down. The EURO STOXX 50 fell 0.50%, France’s CAC 40 was down 0.26%, Germany's DAX shed 0.24%, and the FTSE 100 declined 0.36%.
In a report, Destatis, Germany’s federal statistical office said industrial production fell by a seasonally adjusted 0.8% in September, after rising by 1.5% August, whose figure was revised down from 1.7%.
Analysts had expected industrial production to rise by 0.4% in September.
The report said that year-on-year, German industrial production rose by 7.9% in September, after rising by 10.7% in August.
Analysts had expected industrial production to rise at an annualized rate of 9.5% in September.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD tumbling 0.97% to hit 1.3896.
Meanwhile, European stock markets were down. The EURO STOXX 50 fell 0.50%, France’s CAC 40 was down 0.26%, Germany's DAX shed 0.24%, and the FTSE 100 declined 0.36%.