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German June industrial production in 1st decline in 2017


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German June industrial production in 1st decline in 2017

German industrial production fell for the first time in 2017, declining 1.1% month over month in June after price, seasonal and working day adjustments, provisional data from the Federal Statistics Office showed.

In May production had risen by 1.2% month over month, the office said.

Capital goods production was down 1.4% in June and intermediate goods by 1.2%, while consumer goods production declined 0.7%.

Energy production increased by 1.4% in the month while construction output declined by 1.0%.

Excluding energy and construction, overall industrial production recorded a 1.4% drop in the month.