Global| Dec 09 2002German Industrial Production Fell
Summary
The decline in German industrial production from September to October was 2.1%, contrary to consensus expectations of a 0.9% increase. The decline was widespread, but production of capital goods suffered the least reduction of 0.8%. [...]
The decline in German industrial production from September to October was 2.1%, contrary to consensus expectations of a 0.9% increase. The decline was widespread, but production of capital goods suffered the least reduction of 0.8%. In all the other market sectors production declined by 2.5% or more. Production of consumer goods fell by 3.1%.
On a year over year basis, total production was down 1.4%, manufacturing and mining, down 0.5% and construction, down 10.4%. The indexes of total production and manufacturing and mining have shown year over year declines in each month of this year.
| Oct | Sep | Y/Y | 2001 | 2000 | 1999 | |
|---|---|---|---|---|---|---|
| Industrial Production | 109.7 | 112.0 | -1.4% | 113.3 | 113.4 | 107.7 |
| Manuf & Mining | 116.8 | 119.3 | -0.5% | 120.0 | 119.1 | 111.5 |
| Construction | 72.1 | 72.3 | -10.4% | 78.9 | 85.0 | 87.9 |
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