German industry output falls 1.1% in July, Commerzbank notes
German industry posted a weak start to the third quarter. Output fell 1.1% in July, and Commerzbank economist Ralph Solveen cited a one-time effect in auto production, linked to a temporary plant stoppage for e-vehicle retooling.
German industry started the third quarter weakly, although Commerzbank economist Ralph Solveen said the decline may be mainly due to a one-time effect in auto production. 1% in July, with a temporary stoppage to retool a car plant for e-vehicle manufacture.