Leap in German factory output indicates firm GDP surge in the third quarter

Leap in German factory output indicates firm GDP surge in the third quarter

In August, German industrial output reported its biggest monthly ascend for more than six years, as Monday’s data disclosed.

As follows from this, the German economy is currently firing on all cylinders and it’s set for solid ascend in the third quarter. However, a question about the make up of the fresh government could generate uncertainty.

The combined output of construction, manufacturing as well as energy tacked on by 2.6% on the month having slumped by 0.1% in July, as data from the Economy Ministry revealed.

It turned to be the strongest monthly revenue since July 2011.It easily surpassed expectations in a Reuters survey for a 0.7% leap, confounding even the most optimistic forecast.

As for manufacturing output, it rallied by 3.2%, thus showing the greatest soar since March 2010. It’s because in August factories churned out more capital goods, intermediate goods as well as consumer goods.

 

 

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera