By Anadolu Agency
August 7, 2023 8:13 amISTANBUL
Industrial production in Germany fell in June on both a yearly and monthly basis, official figures from Destatis showed on Monday.
The production in industry index dropped 1.5% on a monthly basis and 1.7% on a yearly basis, the statistical authority said.
Down 3.5% on a monthly basis, production in the automotive industry had a particularly severe effect on the country’s overall industrial performance.
The construction industry, dropping 2.8% month-on-month in June, also had a negative impact.
“By contrast, the strong growth in production in the pharmaceutical industry (+7.9%) had a positive impact on overall performance,” it noted.
Destatis added that production in energy-intensive industrial areas rose 1.1% in June versus May.
We use cookies on our website to give you a better experience, improve performance, and for analytics. For more information, please see our Cookie Policy By clicking “Accept” you agree to our use of cookies.
Read More