German Industrial Output Down In July

@AFP
German Industrial Output Down In July

FRANKFURT, Hesse (AFP) – German industrial production fell more than expected in July, following a sharp increase in June, official data showed on Friday.

Industrial output contracted by 1.7 percent in July after expanding by 2.0 percent in June, the economy ministry calculated in preliminary data.

Analysts had been projecting a shallower decline of around 0.5 percent for July.

While construction output expanded by 2.7 percent, energy output fell by 2.9 percent and manufacturing output was down by 2.1 percent, the ministry said.

Taking the June and July combined to iron out short-term fluctuations, industrial output expanded by 0.5 percent compared with the preceding two months.

Already on Thursday, the ministry published a bigger-than-expected drop in industrial orders in July.

Photo Credit: AFP/Johannes Eisele

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Dave McCormick

Dave McCormick

David McCormick, who is Pennsylvania's presumptive Republican U.S. Senate nominee, has often suggested he grew up poor in a rural community. But a new report finds that his upbringing was far more affluent than he's suggested.

Keep reading...Show less
Reproductive Health Care Rights

Abortion opponents have maneuvered in courthouses for years to end access to reproductive health care. In Arizona last week, a win for the anti-abortion camp caused political blowback for Republican candidates in the state and beyond.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}