Tuesday 25 June 2019 ,
Tuesday 25 June 2019 ,
Latest News
  • Conduct surveys on road-rail bridges: PM
  • Convince Myanmar to take Rohingyas back: PM to China
  • President seeks Thailand, Brunei’s support for peaceful Rohingya
  • BSMMU conducts first-ever successful liver transplant surgery
  • Pay compensation to Russel in installments: HC to Green Line
  • Ecnec clears 10 projects involving Tk 6,967 cr
  • Rohingya Repatriation: Beijing’s support sought to convince Myanmar
  • RMG workers’ wage payment system to go digital
  • World Cup: Australia set 286 runs target for England
9 September, 2018 00:00 00 AM
Print

German industrial production stumbles in July

AFP

Industrial production in Germany slipped in July, official data showed on Friday, following up a weak new orders figure the day before, reports AFP from Frankfurt.

Output fell 1.1 per cent month-on-month, federal statistics authority Destatis said in figures adjusted for price, seasonal and calendar effects.

That disappointed forecasts from analysts surveyed by Factset, who had reckoned with a 0.2 per cent increase.

Production was lower across manufacturing firms, with capital goods makers shedding 2.5 per cent, producer goods makers 1.4 per cent and consumer goods 0.9 per cent.

Construction output was the only sector to report an increase, while energy firms generated the same amount as last month.

Economic growth in Germany has slowed from the high pace seen in late 2017, as trade war fears have weighed on confidence in the export-reliant country.

Think-tank DIW predicted Thursday annual growth of 1.8 per cent, saying "the German economy is pressing slightly on the brake pedal" following last year's 2.2-per cent expansion.

In a separate release, Destatis said Germany's trade balance -- total exports minus total imports -- stood at 16.5 billion euros ($19.2 billion), down from 18.8 billion one year ago.

 

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 49.5%
No 46.5%
No Comment 4.1%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01
02030405060708
09101112131415
16171819202122
23242526272829
30

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting