German output figures called ‘scary’ and propel recession fears
German industrial output fell by 1.5% on the month in June — a further sign that Europe’s biggest economy contracted in the second quarter
07 August 2019 - 18:24
Berlin — German industrial output fell more than expected in June, in a further sign that Europe’s biggest economy contracted in the second quarter as exporters get caught in trade disputes.
Industrial output dropped by 1.5% on the month — a far steeper decline than the 0.4% fall forecast in a Reuters poll of analysts, figures released by the German federal statistics office showed on Wednesday...
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