German industrial output falls less than expected in October

German industrial output falls less than expected in October
© Reuters. FILE PHOTO: Staff wear protective masks at the Volkswagen assembly line in Wolfsburg, Germany, April 27, 2020. Swen Pfoertner/Pool via REUTERS

BERLIN (Reuters) – German industrial production fell less than expected in October, official data showed on Wednesday, in part dragged down by a decrease in production in energy-intensive industrial sectors.

Industrial output was down 0.1% on the previous month, the Federal Statistical Office said.

In a Reuters poll, analysts had pointed to a 0.6% decrease.

For September, the office revised its figure to 1.1% from a previous 0.6%.

In contrast to the overall industry, production in the energy-intensive industrial branches fell by 3.6% on the month in October.

 

Source: Reuters