German Industrial Output Down in July

German Industrial Output Down in July

Manufacturing output was down by 2.1%.

FRANKFURT -- Following a sharp increase in June, German industrial production fell more than expected in July, official data showed on Friday.

Industrial output contracted by 1.7% in July after expanding by 2% in June, the economy ministry calculated in preliminary data.

Analysts had been projecting a shallower decline of around 0.5% for July.

While construction output expanded by 2.7%, energy output fell by 2.9% and manufacturing output was down by 2.1%, the ministry said.

Taking the June and July combined to iron out short-term fluctuations, industrial output expanded by 0.5% compared with the preceding two months.

Already on Thursday, the ministry published a bigger-than-expected drop in industrial orders in July.

Copyright Agence France-Presse, 2013

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