Germany's industrial production decreased unexpectedly in May as the supply bottlenecks continued to weigh on the automotive sector, official data revealed Wednesday.
Industrial production fell 0.3 percent month-on-month in May, the same pace of decline as seen in April, data from Destatis showed on Wednesday. Economists had forecast output to grow 0.5 percent after April's initial estimate of -1 percent.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.