German May industrial production rises less than expected
By Frank Prenesti
Date: Thursday 07 Jul 2022
(Sharecast News) - German industrial production rose less than expected in May as supply chains constraints worsened due to the war in Ukraine and Covid lockdowns in China, according to official data released on Thursday.
Total industrial output, made up of production in manufacturing, energy and construction, increased 0.2% in May compared with April, the national statistics office Destatis said.
Economists had been looking for a rise of 0.3%. April industrial production was revised upwards to 1.3% from a previous 0.7%.
Manufacturing production rose 0.6% on month in May and construction output rose 0.4%, while energy production declined 5.8%.
On an annual basis, industrial output declined 1.5% in May.
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN