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German industrial production falls more than expected in June

Industrial production in Germany fell more than expected in June, after growth nearly stalled in May, provisional data from the country's Federal Statistical Office showed.

German industrial production dropped 1.5% month over month on a price-, seasonally and calendar-adjusted basis in June, following a revised 0.1% growth in the previous month. The Econoday consensus estimate was for a 0.4% month-over-month decline.

Production excluding energy and construction fell 1.8%, while the production of intermediate goods and capital goods decreased by 2.0% and 1.8%, respectively. Consumer goods' production fell 1.4% month over month in June.

Energy production fell 1.6%, while the production in construction rose 0.3%, on a monthly basis.

On a yearly basis, industrial production fell 5.2% in June, after price and calendar adjustments.