Key facts
- German industrial production fell 1.1% in July.
- The automotive sector's production decreased by 9.2%.
- German exports declined by 0.8% in July.
- Industrial orders increased by 2.5% in July.
German industrial production unexpectedly fell 1.1% in July, driven by a 9.2% drop in the automotive sector, according to data from the federal statistics office. This decline contrasted with economists' average expectation of a 0.1% increase in industrial output. Additionally, German exports fell by 0.8% in July compared to the previous month, also missing expectations for a 0.1% rise. Despite the monthly downturns, industrial orders saw a 2.5% increase in July. Over the May-July period, industrial production was 0.4% higher than in the preceding three months, and year-on-year production was down 1.6%.