Arab Today, arab today german industrial output falls more than forecast
Last Updated : GMT 16:02:43
Arab Today, arab today
Arab Today, arab today

German industrial output falls more than forecast

Arab Today, arab today

Arab Today, arab today German industrial output falls more than forecast

Berlin - QNA

German exports posted a surprise fall in July, despite renewed hopes about the global economy, data released Friday showed. Monthly exports from Europe\'s biggest economy slumped 1.1 % in July after rising 0.6 % in June, the statistics office said. Analysts had forecast a gain of 0.7 %. Imports climbed by 0.5 % in July, but fell short of predictions of a 0.7-per-cent increase. The country\'s trade surplus narrowed to 16.1 billion euros (21.1 billion dollars) in July from a revised 17 billion euros in June, the statistics office said. In a related development, Germany\'s industrial output fell more than expected in July following a sharp drop in the production of investment goods, data released Friday showed. Monthly output in Europe\'s biggest economy contracted by 1.7 % in July after rising by 2 % in June, the Ministry of Economics said.  Analysts had expected production would decline by 0.5 % in July. The output of investment goods, which includes equipment and machinery, dropped by 3.4 % in July, the ministry said.

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