German Factory Production Drops Unexpectedly In June

But don’t you worry about that, New York Times. I know how the Germans tick and they’ll be churning out those factories again at full speed in no time.

Production

The Federal Statistical Office said Monday that June industrial output was down 1.1 percent over the previous month with drops in the production of capital, consumer and intermediate goods. Economists had predicted a slight rise, but only energy sector production grew.

Deutsche Produktion sinkt überraschend – Ökonomen hatten einen neuen Schub für die deutsche Wirtschaft erwartet. Doch sie wurden enttäuscht, die Industrieproduktion gibt nach. Experten machen dennoch Hoffnung.