German economy shows mixed bag of figures

[unhappycamper]

http://www.dw.com/en/german-economy-shows-mixed-bag-of-figures/a-18633640

Europe's largest economy appears in a stable state this summer reporting rises in exports and industrial orders for June. Yet, the upswing is far from robust, as shown by falling factories' output for the month.

German economy shows mixed bag of figures
07.08.2015

Factories in Germany produced 1.4 percent less in June than in the previous month of May, according to data released by the country's statistics office, Destatis on Friday.

Destatis said the construction sector was especially hit, with a slowdown by 4.5 percent month-on-month. A rise by 2.3 percent in energy production was unable to make up for the shortfall, the German statisticians added.

Economists polled by Reuters had predicted an increase in industrial production of 0.3 percent for June, but don't consider the surprise slowdown to be a reason to worry about the state of the German economy this summer.

Andreas Rees from Unicredit told the news agency that the June figures didn't point to a fundamental weakness in German factories.