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German industrial production down 1 pct in August

October 7, 2011

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FRANKFURT, Germany—Official figures show Germany's industrial production dipped 1.0 percent in August compared to the month before.

The slowdown reported Friday was largely due to decline in production of industrial goods aimed at consumers; producers of industrial equipment for other businesses saw a slight increase.

The drop was lower than the 2 percent expected in the markets and follows an increase of 3.9 percent in July.

Germany's economy grew only 0.1 percent in the second quarter, but the country's central bank predicts a stronger outcome for the third quarter.

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