German Exports Fall, Industrial Output Rises Less Than Forecast
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German exports fell and industrial production rose less than economists forecast in July, suggesting the recovery in Europe’s largest economy is losing momentum.
Sales abroad dropped 1.5 percent from the previous month, while production increased 0.1 percent, reports from the Federal Statistics Office in Wiesbaden and the Economy Ministry in Berlin showed today. Separate reports showed that industrial production declined in the Netherlands in July, while annual production output in Spain rose the least in five months.