German industrial production dips unexpectedly in May

By Frank Prenesti

Date: Friday 07 Jul 2023

(Sharecast News) - German May industrial production fell by more than expected in a further sign that a key sector of Europe's biggest economy was stagnating.


Industrial production fell by 0.2% month-on-month, and from expectations of a 0.1% fall.

On a yearly basis industrial production was up by 0.7% but still 5% below pre-Covid pandemic levels.

Reporting by Frank Prenesti for Sharecast.com

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