German Industrial Production unexpectedly drops by 1.1% MoM in September

Industrial Production in Germany showed an unexpected decline in September, the official data showed on Friday, suggesting that the recovery in the manufacturing sector is dwindling.

Eurozone’s economic powerhouse’s industrial output drops by 1.1% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 1.0% rise expected and -4.0% last.

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