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Supply problems cause fall in German industrial output

Supply problems cause fall in German industrial output
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German industrial orders bounce back, but supply bottlenecks weigh

Reuters 3 minute read A steel worker of Germany s industrial conglomerate ThyssenKrupp AG, which holds its annual shareholders meeting on Friday, February 1, 2019, stands amid sparks of raw iron from a blast furnace at Germany s largest steel factory in Duisburg, Germany, January 28, 2019. REUTERS/Wolfgang Rattay BERLIN, Aug 5 (Reuters) - German industrial orders rose more than expected in June, data showed on Thursday, driven by bookings for large industrial items, mainly from domestic clients. The figures published by the Federal Statistics Office showed orders for goods Made in Germany jumped by 4.1% on the month in seasonally adjusted terms. This easily beat a Reuters forecast of a 1.9% increase and followed a drop of 3.2% in May, revised from a drop of 3.7%.

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