European Economic News

German Industrial Output Falls 0.9% In June

Germany's industrial production decreased from the previous month in June, data released by the Ministry of Economics and Technology showed Wednesday.

Industrial production decreased a calendar and seasonally adjusted 0.9 percent on a monthly basis in June, reversing the previous month's revised 1.7 percent increase. Economists were looking for a 0.8 percent decline for June.

Compared to June 2011, industrial production dropped 0.3 percent in June, as it did in the preceding month. Economists were looking for a 0.3 percent annual increase.

In the two months ended June, production edged up 0.1 percent compared to the preceding two month period, data showed.

by RTTNews Staff Writer

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