Home / Market Update / German Industrial Production falls 1.5% MoM in June

German Industrial Production falls 1.5% MoM in June

Official data released on Monday showed that industrial production in Germany declined more than predicted in June, indicating that manufacturing sector activity is weakening.

The industrial output of the Eurozone’s economic powerhouse fell 1.5% month on month, according to the federal statistics body Destatis, compared to -0.4% predicted and -0.1% previously.

Annual German Industrial Production fell by 1.7% in June, compared to 0% in May.

Check Also

Bitcoin Set for Weekly Gains Despite Cautious Trade on Mixed U.S.-China Signals

Bitcoin edged higher on Friday, adding to strong weekly gains after earlier optimism that U.S. …