German Industrial Production drops 0.1% MoM in October vs. -0.5% expected

Industrial Production in Germany declined in October, the official data showed on Wednesday, suggesting that the manufacturing sector remains vulnerable.

Eurozone’s economic powerhouse’s Industrial Output decreased by 0.1% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a -0.5% expected and 0.6% prior.

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About German Industrial Production

The Industrial Production released by the Statistisches Bundesamt Deutschland measures the outputs of German factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish).