German industrial output decreased in August, according to data released today, Friday, October 7, by the Federal Statistics Office, as supply constraints caused by the Ukrainian crisis and persistent epidemic-related distortions persisted.
The monthly fall in industrial production was 0. 8%, which was less than the 0. 5% decline that analysts surveyed by Reuters had predicted.
The monthly number for July, however, was changed from the previous -0.3% to 0%.
Germany’s inflation rate increased to 10% on an annual basis in September of this year, surpassing market predictions of 9. 4% and setting a new record high since 1951 (11.0%).
In August, German industrial output decreased.
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