Germany’s Industrial Output Declines In September

Germany’s industrial production declined more-than-expected in September, but the output expanded for the third quarter as a whole, signaling a robust underlying trend. Industrial production fell 1.6 percent month-on-month in September, in contrast to August’s 2.6 percent increase, data from Destatis showed Tuesday.

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Germany’s Industrial Output Declines In September

Germany’s industrial production declined more-than-expected in September, but the output expanded for the third quarter as a whole, signaling a robust underlying trend. Industrial production fell 1.6 percent month-on-month in September, in contrast to August’s 2.6 percent increase, data from Destatis showed Tuesday.

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Australia Maintains Interest Rate At Record Low

Australia’s central bank decided to maintain its interest rate at a record low, as widely expected, on Tuesday. The board of the Reserve Bank of Australia, governed by Philip Lowe, maintained the cash rate at 1.50 percent. The interest rate has been at this level since September 2016. The bank had reduced the rate by 25-basis points each in August and May last year.

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German Factory Orders Grow Unexpectedly In September

Germany’s factory orders increased unexpectedly in September driven by foreign demand, while domestic orders remained weak. Factory orders grew 1 percent month-on-month in September, but slower than August’s revised 4.1 percent increase, data from Destatis revealed Monday. This was the second consecutive rise and came in contrast to the expected decrease of 1.1 percent.

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German Factory Orders Grow Unexpectedly In September

Germany’s factory orders increased unexpectedly in September driven by foreign demand, while domestic orders remained weak. Factory orders grew 1 percent month-on-month in September, but slower than August’s revised 4.1 percent increase, data from Destatis revealed Monday. This was the second consecutive rise and came in contrast to the expected decrease of 1.1 percent.

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