German industrial production dropped in August following an increase the previous month. The Economy Ministry said Wednesday that production was 1.2% lower in August than the previous month. The decline was led by a 2.1% fall in production of investment goods such as machinery. The Economy Ministry said that an unfavorable configuration of vacation time contributed significantly to the fall. Data out yesterday showed that Germany reported a 1.8% drop in factory orders in August, the second consecutive decline.
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