Industrial output in Europe's largest economy surprisingly fell at the end of the second quarter, data from the country's Economics Ministry showed Monday.
In adjusted terms, output declined by 1.1% in June, marking the index's first monthly decline since last December. Economists polled last week by The Wall Street Journal had expected a slight gain of 0.1% in the index. The monthly decline was broad-based, with manufacturing output down 1.4% and construction output also down 1.0%.
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The ministry reported, however, that on the quarter total output increased by 1.8% and it added that indicators of new orders and business climate pointed to a continued upward trend in industry.
The ministry said Friday that total orders for the manufacturing sector increased by 1% in June compared with May, adjusted for seasonal swings and calendar effects. Economists polled by The Wall Street Journal had forecast a 0.5% rise.
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August 07, 2017 02:23 ET (06:23 GMT)