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German industry output plunges in June | The Malaysian Insight

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German industry output plunges in June

Germany’s economy ministry says the outlook for the industrial sector remains gloomy despite rising demand. – EPA pic, August 7, 2023.

GERMAN industrial output plunged in June, official data showed today, with the economy ministry warning of a gloomy outlook as high energy prices and interest rates took their toll. Output fell for the second consecutive month, but the drop of 1.5% from a month ago was wider than the 0.1% slip in May, according to data published by the Federal Statistics Office Destatis.

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