German industrial output fell in August at its fastest pace in a year, data from the Economy Ministry showed on Wednesday, suggesting Europe’s largest economy may have lost momentum in the third quarter. Factories produced 1.2 percent fewer goods than in the previous month, the ministry said, blaming some of the weakness on the large number of summer holiday days in the month. It was the strongest fall since August 2014 and missed the Reuters consensus forecast for a rise of 0.2 percent. The output drop followed a sharp decline in August industrial orders data on Tuesday. On a positive note, the July figure was revised up to a 1.2 percent increase from a previously reported rise of 0.7 percent. “German industry is still struggling to gain momentum. Yesterday’s drop in new orders already signaled a note of caution,” said ING economist Carsten Brzeski. “Today’s weak industrial production data […]