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NewsBreak: German Industrial Output Fell 0.6% in July
Investing.com -- Germany's industrial output fell by 0.6% in July, disappointing forecasts for a 0.4% rise and taking Europe's largest economy a step closer to recession.
June's figure was revised upwards to -1.1% on the month from an original -1.5%. In year-on-year terms, output fell 4.2%, after falling 4.7% in June. Output of capital goods fell most sharply, by 1.2%, while consumer goods output rose 0.6%. German 10-year Bund yield unchanged at -0.58%; EUR/USD at $1.1042, also unchanged.
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