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.