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08.07.2019 06:30

Germany's industrial production rises less than forecast in May

In May 2019, production in industry was up by 0.3% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis). Economists had expected a 0.4% increase. In April 2019, the corrected figure shows a decrease of 2.0% (primary -1.9%) from March 2019.

In May 2019, production in industry excluding energy and construction was up by 0.9%. Within industry, the production of intermediate goods decreased by 0.5%. While the production of capital goods showed an increase by 2.0% and the production of consumer goods by 1.1%. Outside industry, energy production was down by 2.2% in May 2019 and the production in construction decreased by 2.4%.

Market Focus

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  • Eurozone construction activity continues to grow in November
  • Eurozone GDP up by 0.2% during the third quarter, as expected
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