You are using an older browser version. Please use a supported version for the best MSN experience.

German output, trade contract in September

dpadpa 8/11/2016

Germany's industrial output in September fell by 1.8 per cent, according to official figures.

German industrial production and exports slumped in September with output in Europe's biggest economy contracting more than three times the forecast rate, according to new data.

Output in September fell by 1.8 per cent from August when it rose by an upwardly revised three per cent, the Federal Statistics Office (Destatis) said.

Analysts had expected industrial production to decline by just 0.5 per cent in September from an originally estimated 2.5-per-cent gain in August.

Both German exports and imports also fell in September after posting solid rises in August.

While monthly exports dropped by a less-than-forecast 0.7 per cent in September after jumping by 3.4 per cent in August, imports were down 0.5 per cent in September, Destatis said.

Analysts had expected a 0.8-per-cent fall in exports and a 0.2-per-cent drop in imports after they rose by 1.9 per cent in August.

The fall in exports resulted in the seasonally adjusted trade surplus narrowing to $US24 billion ($A31 billion).

image beaconimage beaconimage beacon