- Prior -4.3%; revised to -3.7%
That’s a miss on estimates with German industrial output only rebounding mildly after the sharp drop in August. The three-month comparison shows that overall output declined by 0.8% in Q3 as compared to Q2. As for September itself, the rebound comes from the automotive industry – which saw a very sharp decline in the month before
Germany September industrial production +1.3% vs +3.0% m/m expected