Germany production, exports decline in June from May
08 August 2012 14:41 [Source: ICIS news]
LONDON (ICIS)--?xml:namespace>Germany’s productive output, including chemical and pharmaceuticals production, fell in June from May, and exports were also down month-to-month, officials said on Wednesday.
Germany’s economics ministry said that the country's overall productive output was down by 0.9% in June from May, following a revised 1.7% increase in May from April.
Industrial production fell 1.0% and building and construction were down 2.0% in June from May, the ministry said.
On a less volatile two-month sequential comparison – May/June vis-a-vis March/April – productive output was up 0.1%. Compared with May/June 2011, productive output was down 0.3% year on year.
The ministry said that the outlook for production remained subdued following June’s decline in industrial orders.
In related news, Germany’s central bank, the Bundesbank, said that its monthly index for Germany’s chemicals and pharmaceuticals production fell to 104.9 points in June, from 105.9 points in May.
Also on Wednesday, the country’s federal statistics office reported that Germany’s June exports were €94.6bn ($116.8bn) - down 1.5% from May but up 7.4% year on year from June 2011.
($1 = €0.81)By: Stefan Baumgarten+1 713 525 2653
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