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Less-than-expected rise in German industrial production in May

Adel 7 July, 2022 10:42 am Market Update

German industrial production rose less-than-expected in May, official data showed on Thursday, as supply chain problems stemming from the war in Ukraine and COVID-19-related shutdowns in China made it difficult to process orders.

The Federal Statistics Office said industrial output rose 0.2 percent month-on-month, after an upwardly revised 1.3 percent growth in April.

A Reuters poll had indicated industrial production grew by 0.4 percent in May.

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