Germany's industrial production declined more than expected in August as raw material shortages and supply chain bottlenecks continued to dampen the functioning of many industries, official data showed on Friday.
Retail sales also weakened in August signaling weak contribution to growth from household spending amid rising energy prices.
Industrial output dropped 0.8 percent on a monthly basis in August after remaining flat in July, Destatis said. Production was forecast to ease 0.5 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
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.