German Industrial Output Falls in Sign of Slower Growth
This article is for subscribers only.
German industrial output dropped for a third month in May amid signs Europe’s largest economy is taking a breather.
Production, adjusted for seasonal swings, fell 1.8 percent from April, when it declined a revised 0.3 percent, the Economy Ministry in Berlin said today. Economists forecast output to remain unchanged, according to the median of 35 estimates in a Bloomberg News survey. Production rose 1.3 percent in May from the previous year when adjusted for working days.