Ger­man in­dus­trial pro­duc­tion drops

China Daily (Canada) - - BUSINESS -

In­dus­trial pro­duc­tion in Ger­many dropped strongly in July, feed­ing wor­ries of a slow­ing econ­omy at the start of the third quar­ter. The Econ­o­myMin­istry said onWed­nes­day pro­duc­tion fell 1.5 per­cent in July over June. An­a­lysts had pre­dicted a 0.1 per­cent rise. Pro­duc­tion in in­dus­try ex­clud­ing en­ergy and con­struc­tion was down 2.3 per­cent, with the largest drop in the pro­duc­tion of cap­i­tal goods, which fell about 3.6 per­cent.

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