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Germany's industrial output has seen an unexpected drop in August - the biggest over the last year, a development which suggests that the biggest European economy has slowed down in the third quarter.
According to data published yesterday by the Ministry of the Economy in Berlin, industrial output in Germany has decreased unexp1.2% in August (seasonally adjusted), over the previous month, when it rose 1.2%. For the most part, the decline was caused by the large number of days off that month.
The drop in August is the biggest ever seen after the same month of 2014. Analysts were expecting a growth of 0.2%.
The German Ministry of the Economy has explained that the beginning of summer holidays was delayed had a significant effect on the decline in the month of August. Analysts are saying that during summer, industrial output usually decreases, so there are no reasons to panic, even though there will be speculation that this development is caused by the slowdown in China's economy.
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