German stocks fell on Wednesday amid growth worries after preliminary figures showed Germany’s industrial production grew less than expected in April.
Industrial production rose a price, seasonally and calendar adjusted 0.7 percent from March, when output fell a 3.7 percent, which was revised from 3.9 percent, Destatis said. Economists had forecast 1.0 percent growth.
On a year-on-year basis, production decreased 2.2 percent in April after a 3.1 percent slump in the previous month.
The benchmark DAX dropped 0.3 percent to 14,514 after losing 0.7 percent the previous day.
Banks traded lower, with Deutsche Bank falling nearly 2 percent after Swiss lender Credit Suisse warned of a likely group-wide second-quarter loss, citing “challenging” market conditions.
DAX Slips On Growth Worries
2022-06-08 08:52:14
