German Industrial Production drops 0.2% MoM in May vs. 0.1% expected

Industrial Production in Germany unexpectedly declined in May, the official data showed on Friday, suggesting that the manufacturing sector recovery is dwindling.

Eurozone’s economic powerhouse’s Industrial Output dropped 0.2% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. 0.1% expected and 0.3% previous.

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