Germany's industrial output declined unexpectedly in August due to the fall in consumer and capital goods production, data from Destatis revealed Wednesday.
Industrial production dropped 0.2 percent on a monthly basis in August, in contrast to a revised 1.4 percent rise posted in July. Economists had forecast an increase of 1.5 percent.
On a yearly basis, industrial production decreased 9.6 percent following a 10 percent drop in July.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.