German Industry Output Grows Less Than Forecast on Russia
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German industrial output grew less than forecast in June as Europe’s largest economy came under pressure from political tensions with Russia.
Production, adjusted for seasonal swings, rose 0.3 percent from May, when it declined a revised 1.7 percent, the Economy Ministry in Berlin said today. While that’s the first increase in four months, economists predicted a gain of 1.2 percent, according to the median of 34 estimates in a Bloomberg News survey. Production fell 0.5 percent in June from the previous year when adjusted for working days.