Germany industrial production contracts in July on auto slump
Germany’s industrial production unexpectedly fell in July, with auto-sector activity sharply lower. Output dropped 1.1% on month after a flat June reading, Destatis said.
Germany's industrial production unexpectedly shrank in July, with weaker activity in the country's troubled auto sector weighing on output. 1% on month after a flat reading in June, Destatis said Monday. The decline was the sharpest since Augu…