German Industrial Output Fell More Than Forecast in September
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German industrial production fell three times more than economists forecast in September as Europe’s debt crisis damped confidence and growth, threatening to drag Europe’s largest economy into recession.
Output dropped 2.7 percent from August, when it fell 0.4 percent, the Economy Ministry in Berlin said today. That’s the biggest drop since January 2009. Economists forecast a 0.9 percent decline, according to the median of 37 estimates in a Bloomberg News survey. In the year, production rose 5.4 percent when adjusted for working days.