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Financial News: Germany's Industrial Production Falls Unexpectedly

Germany's Industrial Production Falls Unexpectedly

09/07/2018 - 02:37:00 (RTTNews)

(RTTNews) - Germany's industrial production declined unexpectedly in July, data from Destatis revealed Friday.

Industrial production fell 1.1 percent month-on-month in July, in contrast to a 0.2 percent rise economists had forecast. Production decreased 0.7 percent in June.

Production in industry excluding energy and construction was down by 1.9 percent in July.

On a yearly basis, industrial production grew 1.1 percent, but slower than the 2.7 percent increase seen in June. Economists had forecast a 2.6 percent rise for July.

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