06 DECEMBER 2024AlCircle.com
German industrial sector shows no recovery signs, Q4 at risk: ING
Edited by : Rupankar Majumder
3 min read
Germany's industrial downturn persisted in October, with production declining further, as reported by ING. Industrial output dropped by 1 per cent month-on-month, following a steeper 2.5 per cent contraction in September. Production has fallen nearly 5 per cent compared to last year's period. This weak start to the fourth quarter heightens concerns of a potential winter recession for Europe's largest economy.
The industrial outlook remains challenging
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Tagged with:Europe
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