Modest rise in German July industry output points to slow recovery

  • 📰 Reuters
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

German industrial output rose far less than expected in July, suggesting Europe's largest economy faces a slow return to production levels that preceded the crisis unleashed by the coronavirus pandemic.

BERLIN - German industrial output rose far less than expected in July, suggesting Europe’s largest economy faces a slow return to production levels that preceded the crisis unleashed by the coronavirus pandemic.

A breakdown of the data showed that activity in the construction sector, which had expanded during the lockdown, shrank by 4.3%, dragging on the headline figure. Even excluding the volatile construction and energy sectors, output rose by 2.8%, still lower than the forecast.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

niemiecka lokomotywa rusza

What are their Covid numbers like?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines