German Aug industrial output up 1.9 pct from July, beats consensus

German industrial output rose a seasonally adjusted 1.9 pct in August from July, significantly more than expected, according to preliminary data from the Economy and Technology Ministry. Economists polled by AFX News had forecast only a slight month-on-month increase of 0.3 pct. Manufacturing output grew 2.3 pct in August from July, while output in the construction industry climbed 1.2 pct. Output in the energy sector fell 1.9 pct. On a year-on-year basis, August industrial output rose 7.2 pct in unadjusted terms, and was also 7.2 pct higher after being adjusted for the number of working days. The ministry also said final figures show adjusted industrial output in July grew 0.8 pct month-on-month, a downward revision from the 1.2 pct preliminary figure given last month.