German productive output falls 2.6% in October from September

07 December 2012 15:55  [Source: ICIS news]

LONDON (ICIS)--Germany’s productive output fell 2.6% in October from September, but production in the country’s chemicals and pharmaceuticals sector rose month on month, according to data released on Friday.

October’s decline was led by building and construction, where output fell 5.3% from September, the country’s economics ministry said. Industrial output was down 2.4%.

The drop in productive output came after a revised 1.3% decline in September from August.

The ministry said that despite an increase in orders in October, production trends in both industry and in building and construction will likely be moderate in coming months.

On a two-month sequential comparison – September-October versus July-August – overall productive output was down 2.7%. Compared with September-October 2011, it was down 2.3% year on year.

In a related data release, Germany’s central bank said that its index for production in Germany’s chemicals and pharmaceuticals industry rose to 108.7 in October, from 106.4 in September. In October 2011, the index stood at 106.9. The index’s base year is 2005.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog

By: Stefan Baumgarten
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