German Industrial Production declines 0.8% MoM in August vs. -0.5% expected

Industrial Production in Germany dropped more than expected in August, the official data showed on Friday, suggesting that the manufacturing sector activity has lost momentum.

Eurozone’s economic powerhouse’s industrial output fell by 0.8% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a -0.5% expected and -0.3% last.

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