German industrial production growth less than expected

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German industrial production rose by 7.8 percent in May compared to the previous month. In April there was an unprecedented contraction in industrial production, due to corona measures that led to factory closures.

Economists generally expected a stronger recovery. They expected an industrial production increase of 11.1 percent on a monthly basis. Industrial production declined by an adjusted 17.5 percent in April, the sharpest decline since measurements began in 1991.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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