Germany July industrial production -0.8% vs -0.5% m/m expected

  • Latest data released by Destatis - 7 September 2023
  • Prior -1.5%; revised to -1.4%

Looking at the breakdown:

- Capital goods production -2.9%
- Consumer goods production -1.0%
- Intermediate goods production -0.7%
- Energy production +2.2%
- Construction production +2.6%

Overall production in industry excluding energy and construction was down 1.8% from June.

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