German industrial output drops 1.5% in June due to weak manufacturing and construction, causing a 6th-low output

GERMAN INDUSTRIAL PRODUCTION YOY SA ACTUAL -1.7% (FORECAST -0.2%, PREVIOUS 0.82%) $MACRO

— FinancialJuice (@financialjuice) August 7, 2023

OUCH! German industrial woes endure as output drops to 6mth low. Industrial output plunged 1.5% in June MoM on the back of weak manufacturing & even weaker construction. In Q2, output almost completely gave back the gains seen in Q1. Rock-bottom corp sentiment in manufacturing &… pic.twitter.com/5cYE9QD93m

— Holger Zschaepitz (@Schuldensuehner) August 7, 2023