German Industrial Output to Fall Unexpectedly

German industrial output fell unexpectedly in September, as supply problems related to raw materials and commodities continued to affect production in Europe’s largest economy.

Germany’s Federal Statistics Office said industrial output fell 1.1% month over month after an upwardly revised 3.5% drop in August.

A Reuters poll had forecast industrial output rising 1 percent in September.

And compared to the previous quarter, production in the manufacturing sector fell 2.4% in the third quarter and is currently 9.5% lower than in February 2020 before Germany began implementing measures to combat the Corona virus pandemic.

For its part, the Economy Ministry said that the decline in September was driven by a decline in production in the sectors of mechanical engineering, electrical equipment and data processing equipment.