Both German industrial output and exports fell more than expected in April, data...
FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer/File Photo
Industrial output declined by 1.9% on the month, data from the Statistics Office showed. That was the sharpest drop since August 2015 and came as factories churned out fewer investment and intermediate goods. Economists had forecast a 0.4% fall. The German manufacturing sector has been in recession for much of this year as unresolved trade disputes between the United States with both China and the European Union plus uncertainty linked to Britain’s expected departure from the European Union hurt the exports.
The German economy has been relying on private consumption for growth as a solid labor market and low interest rates encourage spending. This has kept the services sector humming, providing impetus for the economy.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'Keep the peace': the appeal of a German veteran on eve of D-DayGerman veteran Paul Golz remembers the first Allied soldier he encountered short...
Weiterlesen »
The Latest: German ex-nurse convicted of murdering 85BERLIN (AP) — The Latest on the murder conviction of a German nurse (all times local): 10:15 a.m. A former nurse who liked to put patients into cardiac arrest because he enjoyed the...
Weiterlesen »
German nurse convicted of murdering 85 patients; gets lifeFormer nurse who liked putting patients into cardiac arrest because he enjoyed the feeling of being able to resuscitate them convicted of 85 counts of murder.
Weiterlesen »
German Greens explore leftist state alliance, in warning to MerkelGermany's Greens have proposed holding coalition talks in the city state of...
Weiterlesen »