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Germany : Industrial Production  
Released On 10/9/2017 2:00:00 AM For Aug, 2017
PriorPrior RevisedConsensusActual
Month over Month0.0 %-0.1 %0.8 %2.6 %
Year over Year4.0 %4.1 %4.5 %

The goods producing sector had a very good August. Output jumped a much sharper than expected 2.6 percent on the month and although July was shaded to show a 0.1 percent decline, annual growth still climbed from 4.1 percent to 4.5 percent, a 3-month high.

August's monthly surge was best the performance in more than six years and reflected impressive gains in output across all of the main subsectors bar the volatile construction category (minus 1.2 percent). Capital goods, which saw a 0.3 percent drop in July, led the way with a 4.8 percent spike while consumer goods increased 2.1 percent and intermediates 1.8 percent. Overall manufacturing advanced some 3.2 percent. Elsewhere, energy rose 1.7 percent.

Following declines in both June and July, August's hefty rebound puts industrial production firmly back on track and much more in keeping with recent bullish business surveys. Average output in the first two months of the quarter was 0.9 percent above its mean level in the second quarter when production expanded fully 1.9 percent versus the first quarter. With manufacturing orders up a hefty monthly 3.6 percent in August, the near-term outlook for the sector would seem particularly optimistic.

Industrial production measures the physical output of the nation's factories, mines and utilities. Data are collected from companies in the sector with fifty or more employees and include mining and quarrying, manufacturing, energy and, in contrast to its Eurozone counterpart, construction.  Why Investors Care

2017 Release Schedule
Released On: 1/92/73/84/75/96/87/78/79/710/911/712/7
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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