German Industrial Output Drops Most Since 2009 in August
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German industrial production fell more than economists forecast in August in the latest sign that the outlook for Europe’s largest economy is deteriorating.
Production, adjusted for seasonal swings, dropped 4 percent from July, when it expanded 1.6 percent, the Economy Ministry in Berlin said today. That’s the biggest decline since January 2009 and compares with a median estimate of 1.5 percent in a Bloomberg News survey.