Key facts
- German industrial production fell 0.1% in May.
- Economists had forecast a 0.2% increase.
- Manufacturing output decreased by 0.3% in May.
- April's industrial production saw a revised 0.1% increase.
Germany's industrial production unexpectedly fell by 0.1% in May, according to data from the Federal Statistical Office (Destatis). This figure contrasts with economists' expectations of a 0.2% increase. The decline follows a revised 0.1% increase in the previous month, April. Manufacturing output specifically saw a decrease of 0.3% in May. The unexpected dip in industrial activity raises concerns about the health of Europe's largest economy, which has been grappling with high energy prices, global supply chain issues, and slowing demand.