Zimbabwe year-on-year inflation dipped slightly to 17.8 percent in October, down from the 18.4 percent recorded in the previous month, the Zimbabwe Na...
BERLIN (Reuters) -German industrial output shrank in August for the fourth consecutive month, the federal statistics office said on Monday, an indication that the sector remains under serious pressure, stoking recession fears. Industrial production fell slightly more than expected in August by 0.2% compared to the previous month. The further drop in German industrial production in August was better than it looked as it was driven by volatile components, said Franziska Palmas, senior Europe economist at Capital Economics.
German industrial orders rose more than expected in August due to a strong increase in computing, electronic and optical products, but the outlook for the sector remains challenging. Orders rose by 3.9% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Friday. "This means that incoming orders have stabilised after a two-year decline," said Ralph Solveen, chief economist at Commerzbank.
South Korea's factory output unexpectedly jumped in August by the fastest rate in more than three years, led by chip production, official data showed on Wednesday. The industrial output index rose 5.5% in August from the previous month on a seasonally adjusted basis, after a 2.0% fall in July, according to Statistics Korea. That contrasts with a median 0.2% fall forecast in a Reuters survey and marks the fastest monthly gain since June 2020.