Germany’s Industrial Production drops 1.4% MoM in September vs. -0.1% expected

Germany’s Industrial Production continued to decline further in September, the official data showed on Tuesday, pointing to dwindling manufacturing sector activity.

Industrial output in the Eurozone’s economic powerhouse dropped 1.4% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. -0.1% expected and -0.2% seen in August.