Germany´s industrial production declined in October, disappointing forecasts.
Industrial output slid by 1.4% after declining by 0.9% in September, according to Germany´s Economy Ministry.
The latest reading is well behind forecasts; economists had expected industrial output to rise by 1% in October.
However, the Economy Ministry claimed much of the fall was due to workers taking more time off, with the impact of public holidays.
Production declined across all sectors with energy as the only exception. Output fell the most in capital goods and consumer goods.
The Economy Ministry struck an upbeat note, claiming that optimism among businesses suggested there would be strong levels of industrial activity over the coming months.