Germany's Aug productive output rises 1.4% from July, but chems fall
09 October 2013 14:46 [Source: ICIS news]
LONDON (ICIS)--Production from industry, construction, energy and mining in ?xml:namespace>Germany rose 1.4% in August from July, but output in the country’s chemicals and pharmaceutical industry fell.
Germany’s economics ministry said that August’s increase in overall productive output was mainly driven by higher industrial production, which rose 2.1% from July.
August’s increase in productive output came after a revised 1.1% decline in July from June.
On a two-month sequential comparison – July-to-August versus May-to-June – productive output was up 0.7%. Compared with July-August 2012, it was down 0.8% year on year.
In a related data release, Germany’s central bank, the Bundesbank, said that its index for output in Germany’s chemicals and pharmaceuticals sector was 98.2 in August, compared with 100.00 in July. The index’s base year is 2010.
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