Indicators
German Industry Shrinks More Than Expected Amid Recession Risks
- Production declined 1.4% in September; economists saw -0.1%
- Sector is reeling from higher interest rates, China slowdown
German production declined 1.4% from August, led by the auto, electronics and pharmaceutical sectors.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German industrial output fell for a fourth month in September, highlighting the challenge that Europe’s largest economy faces in averting a recession.
Production declined 1.4% from August, led by the auto, electronics and pharmaceutical sectors, the statistics office said Tuesday. That was worse than the median estimate in a Bloomberg survey for a 0.1% drop.