German Industrial Production plunges 4.3% MoM in August vs. -1% expected

Germany’s industrial sector activity decreased more than expected in August, the latest data published by Destatis showed on Wednesday.

In the Eurozone’s top economy, Industrial Output slumped by 4.3% over the month in August, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, compared with the expected -1% figure and a 1.3% growth in July.