German Industrial Production drops 0.4% MoM in October vs. 0.2% expected

Germany’s Industrial Production extended its downtrend in October, the official data published by Destatis showed on Thursday.

Industrial output in the Eurozone’s economic powerhouse decreased by 0.4% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. 0.2% expected and -1.3% seen in September.