Germany's industrial output sees largest annual decline in a year, economic concerns intensify.

According to the Securities Times app, Germany's industrial output has suffered its largest decline in nearly a year, indicating that the economic contraction in the last quarter of this largest economy in Europe may be more severe than initially estimated. Data shows that Germany's seasonally adjusted industrial output fell by 1.9% in June compared to the previous month, a decline far beyond economists' expectations, mainly due to the impact of industries such as machinery, pharmaceuticals, and food. The Federal Statistical Office of Germany said on Thursday that output data for May has been revised to show a slight contraction, and the overall output decline in the second quarter has now reached 1%.