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German industrial production misses estimates in August

Industrial production in Germany slipped 0.3% on a monthly basis in August after price, calendar and seasonal adjustments, according to provisional data from the country's Federal Statistical Office.

The Econoday consensus estimate was an increase of 0.4% in August. In July, industrial production fell 1.3% from June, compared to preliminary data indicating a drop of 1.1%.

The production of capital goods fell by 0.7%, while the production of consumer goods gained 1.4% and that of intermediate goods edged up by 0.1% in August month over month. Energy production rose 1.3% from July while production in construction decreased 1.8%.

On an annual basis, price- and calendar-adjusted industrial production slipped 0.1% in August, compared with a revised 1.5% growth in July.