Indicators
German Industrial Production Shrinks for Fourth Month
- Production declines 0.2% in August, economist estimate 0.1%
- German output expected to contract in 3Q and in 2023
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German industrial output fell for a fourth month in August as factory weakness weighs on Europe’s biggest economy.
Production declined 0.2% from July, led by construction and energy, the statistics office said Monday. Economists in a Bloomberg survey had estimated a fall of 0.1%. The index for output recorded its lowest level this year.