Germany’s Industrial Plunge Revives Winter Recession Fears
- Poor performance is latest in raft of bad data for March
- 1Q GDP estimate could be revised down, ING economist says
This article is for subscribers only.
German industrial production sank by the most in a year — raising the risk that Europe’s largest economy slipped into a winter recession.
Output dropped 3.4% in March, more than the 1.5% decline economists had predicted in a Bloomberg survey. The decrease was especially pronounced in the automotive sector, according to the statistics office.