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  • Reuters

    German industrial output falls more than expected in July

    By Reuters,

    2 hours ago
    https://img.particlenews.com/image.php?url=0BRuCh_0vMdHX1900

    (Reuters) - German industrial production fell in July by a larger than expected 2.4% compared with the previous month, the federal statistics office said on Friday.

    Analysts polled by Reuters had predicted a 0.3% fall.

    Production dropped by a sharp 8.1% in the automotive industry, weighing on the overall result.

    In June, automotive production rose 7.9%.

    On a less volatile three month on three month comparison, production in May-July fell 2.7% compared with the February-April period.

    The office offers more detailed data on its website.

    (Reporting by Anastasiia Kozlova and Halilcan Soran, editing by Andrey Sychev and Christina Fincher)

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