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German Industrial Output Unexpectedly Falls First Time This Year

  • Production falls 1.1% in June vs estimated gain of 0.2%
  • Economy Ministry says data suggest upward trend to continue

German industrial production unexpectedly slipped in June as manufacturing and construction caused a temporary blip in the growth spurt of Europe’s largest economy.

Output, adjusted for seasonal swings and inflation, fell 1.1 percent in June after rising 1.2 percent in May, the Economy Ministry in Berlin said on Monday. That’s the first drop in six months in the typically volatile measure, which compares forecasts for a 0.2 percent gain. Production was up 2.4 percent from a year earlier.