German factory output plunges in June

BERLIN, Aug 7 (AFP): German industrial output plunged in June, official data showed Monday, with the economy ministry warning of a gloomy outlook as high energy prices and interest rates took their toll.

Output fell for the second consecutive month, but the drop of 1.5 per cent from a month ago was wider than the 0.1 per cent slip in May, according to data published by the Federal Statistics Office Destatis.

It was also a bigger fall than expected by analysts polled by Factset, who forecasted a 0.5 per cent decline.