Germany: Industrial production slows in June
Latest reading: Industrial production rose 0.2% in calendar-adjusted month-on-month terms in June, following 0.7% growth in the previous month.
Relative to the prior month’s figures, readings in June worsened for manufacturing (0.0% in seasonally adjusted month-on-month terms vs +0.8% in May), mining and quarrying (-0.3% vs +0.9% in May) and energy (+1.9% vs +2.2% in May). In contrast, the reading for construction improved in June (+0.1% vs -0.3% in May).
On a calendar-adjusted year-on-year basis, industrial production was down 0.1% in June, following a flat reading in the prior month.