German industrial production grew for the third consecutive month, with the automotive industry being the main driving force
2026-08-07 14:36:44
According to CoinMeta, data released by Germany's statistical office on Friday showed that industrial output in Germany increased by 0.2% in June compared to the previous month, marking the third consecutive month of growth, indicating that Europe's largest economy is resisting the negative impacts of the Iran war. Although this figure is lower than the revised 0.7% growth rate of the previous month, it is in line with the median expectations of economists. The main driving force behind industrial growth came from the automotive industry, with car production increasing by 3.6% in June compared to the previous month. At the same time, German exports expanded for the fifth consecutive month, and imports also increased significantly, resulting in a trade surplus of 15.4 billion euros (about 17.8 billion US dollars), which is lower than the 19.3 billion euros in May. The German Ministry of Economics stated that despite external economic pressures, manufacturing output still demonstrated considerable resilience in the last quarter.
Source:Internet
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