German industrial output declines in November: data

9th January 2012, Comments 0 comments

German industrial output fell in November, weighed down by declining activity in all sectors except construction, official data showed on Monday.

Industrial production in November declined by 0.6 percent compared to the previous month, the economy ministry said in a statement.

In October, output had increased 0.8 percent month-on-month.

Manufacturing output declined by 1.0 percent, with output of capital goods dropping 1.4 percent.

Energy output was down 0.4 percent but construction output jumped 4.5 percent, the data showed.

Looking ahead, the ministry was cautious about the outlook for the coming months.

"Restraint in industrial orders suggests that overall output will remain muted in the winter months," it said.

Data released on Friday showed that industrial orders in Germany fell by a much bigger-than-expected 4.8 percent in November compared to a month earlier, hit by falling orders from abroad.


© 2012 AFP

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