Prior -4.3%; revised to -3.7%
That’s a miss on estimates with German industrial output only rebounding mildly after the sharp drop in August. The three-month comparison shows that overall output declined by 0.8% in Q3 as compared to Q2. As for September itself, the rebound comes from the automotive industry – which saw a very sharp decline in the month before. Output here rose by 12.3% on the month as compared to the 16.7% decline in August, owing to factory holidays and production changeovers.
This article was written by Justin Low at investinglive.com.