German industrial output fell unexpectedly in April

The data showed on Friday that German industrial output fell unexpectedly in April, suggesting that factories in Europe's largest economy started in the second quarter of the year.

According to figures released by the Ministry of Economy The output of the manufacturing sector fell by 1%, while in a Reuters poll it was expected to increase 0.3%.

Separate figures released by the Federal Bureau of Statistics showed exports fell 0.3% in April and imports grew 2.2%.

Trade balance surplus shrank to 19.4 billion EUR from a revised downward revision of 21.6 billion euros in March. Analysts expected a surplus of 21 billion euros.

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