Allemagne Production Industrielle (Mensuel)

German industrial production fell by 1% month-over-month in October 2024, missing expectations of a 1.2% rebound and following a downwardly revised 2% decline in September. The sustained drop was primarily driven by an 8.9% annual decrease in energy production. Additionally, automotive industry output fell by 1.9%, while production in industry excluding energy and construction decreased by 0.3%. Within industry, lower output of consumer goods (-1%) and capital goods (-0.4%) outweighed a 0.4% increase in intermediate goods. Meanwhile, production in energy-intensive industrial branches went down by 0.9%. On a yearly basis, industrial output declined by 4.5%, deepening from the downwardly revised 4.3% drop recorded in September.