German Industrial Output Falls Sharply in August, Missing Forecasts
Germany’s industrial production dropped 4.3% in August compared to the previous month, according to data released on Wednesday by the federal statistics office.
The decline was much steeper than economists had expected. A Reuters poll of analysts had forecast only a 1.0% decrease.
This sharp fall highlights a deeper-than-expected slowdown in Germany’s industrial sector, raising new concerns about the outlook for Europe’s largest economy.
