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German industry output falls twice as far as forecast in May

From reuters.com

German industry output dropped twice as far as expected in May in its biggest fall since October, suggesting Europe's largest economy is struggling to regain momentum after a contraction in late 2012 and a weak start to 2013. Output fell by 1 percent on the month as factories produced fewer capital goods and the construction industry stuttered. The headline figure missed the consensus forecast in a Reuters poll for a 0.5 percent drop, data from the Economy Ministry showed on Monday. The ministry said the overall trend for output, which rose by an upwardly revised 2.0 percent in April, remained positive despite May's ... (full story)

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