Photographer: Krisztian Bocsi/Bloomberg

German Output in May Unexpectedly Drops in Sign of Slowdown

  • Production declined 1.3% in May vs. estimated 0.1% gain
  • U.K. decision to leave the EU could curb German growth

German industrial production dropped the most in 21 months in May in a sign that the headwinds from a global economic slowdown and political uncertainty in Europe damped activity.

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