The result is decidedly worse than expected: analysts had forecast an average growth of 0,1-0,2% - On an annual basis, however, industrial production recorded a growth of 2,4%.
The elections are almost upon us and for Germany there is a nasty surprise from the macro data. The Destatis institute communicated that in June, German industrial production fell by 1,1% compared to the previous month. The result is decidedly worse than expected, given that analysts had forecast an average growth of 0,1-0,2%.
On an annual basis, however, industrial production grew by 2,4%. In May, production had increased by 1,2% compared to April.
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
