Germany’s industrial production growth slowed more than expected in May on supply shortages, raising fears of recession, data from Destatis revealed on Thursday. <\/p>\n
Industrial production grew 0.2 percent in May from April, when output was up by revised 1.3 percent. Output was expected to climb 0.4 percent.<\/p>\n
Within industry, capital goods production gained 2.2 percent, while output of consumer goods and intermediate goods fell 0.9 percent and 0.4 percent, respectively.<\/p>\n
Excluding energy and construction, industrial production was up 0.6 percent. <\/p>\n
Outside industry, energy production decreased 5.8 percent. On the other hand, production in construction grew 0.4 percent.<\/p>\n
Year-on-year, industrial output declined 1.5 percent after easing 2.5 percent in April.<\/p>\n