Official data on Wednesday shows industrial production in Germany has fallen in June and there is concern about a deeper production slump in Europe's largest economy.
Industrial output reached 1.5% with a month-to-month ratio.
the federal statistics authority Destatis reports figures adjusted for seasonal and calendar effects , that were fallen more than 0.4% and are more than expected on a yearly basis. German industrial production reached -5.2% versus -1.8% expected in May and -3.7% in May. Industrial production, published by the Statistisches Bundesamt Deutschland, measures German factory and mining staff.
Changes in industrial production are widely recognized a major indicator of strength in the manufacturing sector. The high is a positive and bullish trend for Europe, while the low is negative or bearish.