German industrial production may signal a moderate expansion

German industrial output for the month of August is unlikely to change the picture of solid growth and most likely will show a slight increase of 0.3% during that month.Roger M. Kubarych, economist at HVB Group stated that the assessment of the current situation by manufacturing companies remains very strong up to September.In contrast, Kathy Lien, chief strategist at FXCM noted that factory activity in Europe’s largest economy is expected to have slowed over the month of August as stubbornly high energy prices and cooling demand slow the process. “While energy prices began what would be a sharp drop in the closing weeks of August, businesses were likely cautious about acting on the shift,” she added.