Germany's industrial production continues to drop in May
Downward trends seen in most economic sectors, particularly drop in automotive industry affecting overall results severely
![Germany's industrial production continues to drop in May](https://cdnuploads.aa.com.tr/uploads/Contents/2024/07/05/thumbs_b_c_11fca1a0ba81fc8cc4223cfbe4c19e64.jpg?v=104907)
ISTANBUL
Germany's industrial production went down by 2.5% in May, on a monthly basis, and fell 6.7% on a yearly basis, the federal statistical authority Destatis announced on Friday.
The country’s industrial production has been in a downward trend since June 2023 annually.
Downward trends were seen in most economic sectors of industry, in particular, the drop in production in the automotive industry had a negative impact on the overall results.
The decline in the manufacture of machinery and equipment sector was also effective on the overall performance.
Production in energy-intensive industrial branches increased by 0.2% in May 2024 from April 2024, compared with May 2023, which was up 2.5% in May 2024.
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