FX.co ★ German Industrial Output Slumps 1.1% in July, Reversing June’s Modest Gain

Germany’s industrial production fell sharply in July 2026, declining 1.1% month-over-month and wiping out June’s modest increase, according to data updated on 7 September 2026. The latest reading marks a clear deterioration from June 2026, when output had inched up by 0.2% compared with May.

The figures are calculated on a month-over-month basis, meaning July’s drop reflects how industrial activity changed relative to June, while the earlier 0.2% figure for June compares that month’s performance to May. The swing from slight growth to a notable contraction suggests that momentum in Germany’s industrial sector weakened significantly as the summer began, adding to concerns over the stability of Europe’s largest manufacturing-driven economy.