German Industry’s Bad News Just Keeps Coming
- Production fell 1% in April vs. estimated 0.3% increase
- Weaker numbers follow a shock fall in factory orders
Photographer: Krisztian Bocsi/Bloomberg
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German industrial production unexpectedly fell in April, continuing a run of poor economic news from Europe’s largest economy.
The 1 percent drop in output, along with a shock decline in factory orders reported earlier this week, indicates a moderate pace of expansion at the start of the second quarter. A separate report showed that exports fell 0.3 percent in April, while in France, industrial production also declined.