Germany's industrial output, at a 1 year low

V.R. (translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 9 noiembrie 2015

Germany's industrial output, at a 1 year low

In September, Germany's industrial output has seen the biggest drop of the last 12 months, an evolution which suggests that the advance of the biggest European economy has slowed down in Q3 2015, amid the weaker demand from China and other developing countries.

German output, seasonally and inflation adjusted, has dropped 1.1% in September, compared to August, when the drop was 0.6%, according to data published on Friday, by the Ministry of the Economy in Berlin. Analysts were expecting an advance of 0.5%.

Germany's industrial output fell 0.3% in Q3.

The German economy had a growth of 0.4% in Q2 2015, after rising 0.3% in the first trimester. The annual rate growth rate of Germany's GDP was 1.6% between April and June 2015.

According to the estimates of the European Commission, published last week, Germany's GDP will increase 1.7% this year and 1.9% next year, after rising 1.6% in 2014.

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