Germany's industrial production declined unexpectedly in October driven by the fall in machinery and equipment output, reinforcing fears of a recession at the end of this year.
Industrial production logged a monthly fall of 0.4 percent in October, slower than the revised 1.3 percent decrease in September.
However, production marked the fifth consecutive decrease and confounded economists' forecast of 0.2 percent gain.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.