(ANSA-AFP) - FRANKFURT AM MAIN, DEC 6 - German factory output
suffered a surprise drop in October, official data showed
Friday, underlining the persistent troubles faced by Europe's
biggest economy. Output fell by one percent month-on-month,
according to seasonally adjusted data published by the Destatis
agency. That follows a two-percent drop in September, according
to adjusted figures released by Destatis. Analysts consulted by
financial data firm FactSet had expected factory output to
rebound in October, rising by one percent. "Instead of the
widely expected recovery from the sharp drop in the previous
month we have seen another setback," said Elmar Voelker, an
analyst at the LBBW bank. A steep drop was recorded in October
in energy production, which fell by 8.9 percent month-on-month.
Likewise, in Germany's flagship auto industry, which has
struggled in the face of high costs and foreign competition,
output fell by 1.9 percent. (ANSA-AFP).
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