German industry stagnated in June

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German industry production decreased again in June compared to the previous month. This was shown on Friday by figures from Destatis, the German statistical office.

Production, adjusted for seasonality and working days, was 1.3 percent lower in June than in May. And in May, it was already a 0.8 percent decrease. Before June, economists had expected a small increase in production.

On an annual basis, industrial production was 5.1 percent higher in June.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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