Showing posts with label manufacturing sectors. Show all posts
Showing posts with label manufacturing sectors. Show all posts

Monday, 7 July 2014

German industrial production sees surprise drop in May

German industrial production saw its biggest drop in two years in May, weighed down by sharp falls in the construction and manufacturing sectors.
Industrial production fell 1.8% in May from April, according to the country's statistics agency Destatis.
The fall was a surprise, with the majority of economists expecting industrial output to be unchanged.
Destatis also cut April's industrial production figure slightly to -0.3%.
Germany's statistics agency blamed the