German Industrial Output Dropped in July After June Surge

German industrial production fell more than expected in July after surging in June, adding to signs that growth in Europe’s biggest economy is moderating.

Output, adjusted for seasonal swings, fell 1.7 percent from June, when it jumped a revised 2 percent, the Economy Ministry in Berlin said today. Economists forecast a decline of 0.5 percent, according to the median of 41 estimates in a Bloomberg News survey. Production slid 2.2 percent from a year earlier when adjusted for working days.