Industrial output in Germany rose a seasonally adjusted 1.8 per cent in August compared to July, and fell 1.2 per cent year-on-year when adjusted for the number of working days, according to preliminary data from the finance ministry.
Market consensus was for output to fall 0.5 per cent in August from July.
Manufacturing output rose a seasonally adjusted 2.1 per cent in August from July, and fell 0.3 per cent year-on-year when adjusted for the number of working days.
Construction output fell a seasonally adjusted 0.8 per cent in August from July, and fell 9.4 per cent year-on-year when adjusted for the number of working days.
On a two-monthly basis, industrial output rose a seasonally adjusted 1.2 per cent in July/August from May/June, and fell 1.6 per cent year-on-year when adjusted for the number of working days.
In western Germany, industrial output rose a seasonally adjusted 1.5 per cent in August from July, and fell 1.2 per cent year-on-year when adjusted for the number of working days.
And in the east, industrial output rose a seasonally adjusted 5.0 per cent in August from July, and fell 2.5 per cent year-on-year when adjusted for the number of working days.
PA
