German industrial production falls less than expected

According to the German Federal Statistical Office, German industrial production fell less sharply than expected in October. But it was put under pressure by a decline in production in energy-intensive industries.

According to the report, industrial production fell 0.1% in October, below analysts’ forecasts of a 0.6% decline. Production in energy-intensive industries fell 3.6% in October, in stark contrast to the industry as a whole.

The statistics office revised September’s industrial production figures to a 1.1% increase, following an earlier 0.6% rise.

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