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German Industrial Output Declines On Weak Auto Production

Por: RTTNews Business August 07, 2023

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Driven by the weaker automotive and construction output, Germany's industrial production declined more than expected in June, adding concerns of a downward revision to the second quarter GDP data.Industrial production posted a monthly fall of 1.5 percent in June, following a revised 0.1 percent drop in May, Destatis reported Monday. Output was forecast to decrease moderately by 0.5 percent. Automotive industry and construction were the... + full article



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