German Industrial Production Declines Sharply in May 2024

In May 2024, Germany’s industrial production dropped by 2.5%, surpassing economists’ expectations of a 0.2% decline. This follows a minor increase of 0.1% in April. The decrease underscores the instability in Germany’s manufacturing sector after an initial growth spurt earlier in the year, which had boosted the economy by 0.2% in the first quarter. The […]