German Industrial Production drops 2.5% MoM in May vs. 0.2% expected

Germany’s industrial sector contraction deepened in May, the latest data published by Destatis showed on Friday.

Industrial output in the Eurozone’s top economy dropped by 2.5% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, compared with a 0.2% forecast and a 0.1% decline in April.

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