Weak August data raises risk of Eurozone’s biggest economy falling back into technical recession

cross-posted from: https://lemmy.zip/post/50548487

https://archive.md/QW2r4

German industrial production fell back to 2005 levels in August as output in the country’s all-important car industry cratered by 18.5 per cent compared with the previous month

Overall, industrial production fell 4.3 per cent in August compared with the previous month, seasonally adjusted data showed on Wednesday. Economists had predicted a smaller drop of 1 per cent in a Reuters poll.