Economics
German Industrial Output Unexpectedly Drops as Virus Spreads
- Output slid 0.2% in August compared with estimated 1.5% gain
- Weakness in August driven by a drop in auto manufacturing
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German manufacturers unexpectedly cut production, underlining the risks resurgent infections pose for the economic recovery.
Industrial output declined 0.2% in August following three consecutive gains. Economists had predicted an increase of 1.5%.