German industrial output drops by 4%

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German industrial output has declined by 4% in August compared to the previous month, according to the German Ministry for Economic Affairs and Energy. The figures suggest that growth prospects for Germany are deteriorating.

While industrial output increased in July by 1.6%, it now faced a sharp decline, largely due to a 25.4% drop in vehicle production, industrial production shrink by 4.8%, investment goods fell by 8.8%.

The poor performance has also been affected by the timing of German school holidays in August, the German ministry for Economic Affairs said. However, the figures come as the IMF has cut growth forecasts for Germany to 1.5%, suggesting that the Eurozone’s biggest economy is losing steam.


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Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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