German Industrial Output Unexpectedly Sinks as Rebound Struggles
- May output declined 2.5% from previous month; est. 0.1% rise
- Industry has been the weak spot for Europe’s biggest economy
German industrial output fell 2.5% from the previous month.
Photographer: Krisztian Bocsi/BloombergGerman industrial production unexpectedly plunged in May — the latest sign that the recovery in Europe’s biggest economy may be faltering.
Output fell 2.5% from the previous month, the statistics service said Friday. While April was revised up to a slightly positive reading, May’s outcome was below all 28 estimates in a Bloomberg survey of analysts.