German Industrial Output Unexpectedly Falls In July

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German industrial output dropped 0.9% month-on-month in July, the Federal Ministry of Economics and Technology said Tuesday. That was the first fall in three months.

Economists had forecast an increase of 1.6% in July after June's revised increase of 0.8%, which was originally reported a 0.1% fall.

On an annual basis, industrial production fell 17%, quicker than the 15.8% decline economists had expected. It follows a fall of 17.6% in June, which was revised from a decline of 18.1%.

German industrial output dropped 0.9% month-on-month in July, the Federal Ministry of Economics and Technology said Tuesday. That was the first fall in three months. (Market News Provided by RTTNews)