German industry output suffers biggest slump since 2009 Reuters

​German industrial output registered its biggest drop in more than a decade in December, highlighting the weakness of the manufacturing sector that is dragging on overall growth in Europe's largest economy

German industrial output registered its biggest drop in more than a decade in December, highlighting the weakness of the manufacturing sector that is dragging on overall growth in Europe's largest economy.

Industrial production tumbled by 3.5% on the month, undershooting expectations for a 0.2% fall, figures released by the Statistics Office showed. The drop was the biggest since January 2009, a Statistics Office official said.

The November output reading was revised to an increase of 1.2% after a previously reported 1.1% rise.

Separate trade figures showed seasonally adjusted exports edged up by 0.1% on the month while imports fell by 0.7% in December.

Source: Reuters

Posted on : 07 February 2020
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Last Updated : Thursday 21st May 2020