German industrial output fell more than expected in September, data showed on Th...
BERLIN - German industrial output fell more than expected in September, data showed on Thursday, pointing to ongoing weakness in the sector and indicating that Europe’s largest economy will slip into recession in the third quarter.
“It’s not a nice number. The decline in industrial production in September makes a technical recession almost official now,” said Thomas Gitzel, economist at VP Bank. Germany’s export-reliant manufacturers have been suffering from a slowing world economy and business uncertainty linked to a trade war between the United States and China, and Britain’s planned, if delayed, exit from the European Union.
In the July-September period, industrial production declined by 1.1% on the quarter, the Economy Ministry said. Construction remained stable but declines were registered in factories making chemicals, metal products, electrical equipment, machinery and motor vehicles or parts.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Lufthansa scraps 1,300 flights over two-day German strikeLufthansa scraps 1,300 flights on Thursday and Friday as German cabin crew press ahead with a two-day strike
Baca lebih lajut »
EU banking union needs more than German concessionFinance Minister Olaf Scholz is willing to consider an EU deposit insurance scheme. Countries like Italy may balk at some of his conditions. That such a sensible plan can take so long to come to fruition shows how far Europe is from rational policy making on financial regulation.
Baca lebih lajut »
German industrial orders rise, offering hope for struggling sectorGerman industrial orders rose more than expected in September, according to data...
Baca lebih lajut »
German Wines for Every OccasionLife can throw you a curveball at any time. Luckily, no matter what's going on, there's always an appropriate German wine for the occasion. Sponsored
Baca lebih lajut »