German Industrial production sinks unexpectedly in May

German industrial production fell sharply in May, raising fresh concerns about second quarter growth prospects for Europe's biggest economy. 
Output in Germany slumped by a bigger-than-forecast 1.3% in May after expanding by 0.5% in April, the Economy Ministry said Thursday. Analysts had predicted a 0.1% rise in May. 
Adding to the worries about the German economic outlook, the ministry said it had revised the April growth figure downwards, from an originally estimated 0.8%, dpa reported. 
The contraction in industrial production in May comes as Germany faces up to the expected economic fallout from Britain's vote last month to exit the European Union, which is expected to have repercussions for the entire EU. 
German industrial production was down 0.4% in May compared with the same month a year earlier.

Source: QNA