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International Business Times
International Business Times
Business

Germany Factory Output Lowest Since Pandemic In 2020

Donald Trump Pandemic Germany United States European Union ING Economy Carsten Brzeski Europe Destatis
Germany's economy has been hit by a manufacturing slump and rising energy costs (Credit: AFP)

German industrial production slumped in June to its lowest level since the pandemic in 2020, data showed Thursday, underlining the fragility of Europe's top economy even before US President Donald Trump's new tariffs kicked in.

Factory output fell 1.9 percent month-on-month, federal statistics agency Destatis said, steeper than a drop of 0.5 percent forecast by analysts polled by financial data firm FactSet.

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