Germany's industrial output continues falling in July

Industrial production drops 0.8% month-on-month in July, mainly driven by capital goods

By Tuba Ongun

ANKARA (AA) – Germany’s industrial output fell for the third consecutive month in July, down 0.8% from a month earlier, according to official data released on Thursday.

The figure followed a downwardly revised 1.4% monthly decline in June, German statistical authority Destatis said in a statement.

The production of capital goods plunged 2.9% month-on-month in July, consumer goods fell 1%, and intermediate goods were down 0.7%.

Energy and construction production grew 2.2% and 2.6%, respectively, during the same period.

On an annual basis, Germany's industrial production dove 2.1% in July.

Kaynak:

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