Industrial production in Germany returns to pandemic volumes

Description

Germany’s industrial output dropped in June to its lowest level since 2020, the year when the coronavirus pandemic swept the planet, paralyzing the global economy. The decline in German production, which comes amid weak demand and slow growth abroad, coincided with a continued decrease in industrial orders. The trend sets in as the country’s export-oriented economy prepares for the impact of U.S. tariffs and stiffer competition from Chinese manufacturing. Industrial production in Germany returns...