German Industry Output Falls for Third Month as Woes Linger
- Gauge declines 0.8% from June, economist est. 0.4% drop
- Factory orders earlier this week slumped most since 2020
Employees work on the assembly line at the Volkswagen plant in Zwickau.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German industrial output fell again in July, further holding back Europe’s biggest economy and casting a pall over the start of the third quarter.
Production declined 0.8% from June, led by capital and consumer goods, according to the statistics office in Wiesbaden. The median prediction in a Bloomberg survey of economists was for a drop of 0.4%. The index for output showed the lowest level since December.