Indicators

Euro-Zone Risks Recession as German Economy Falters

German, Italian October production data show declines
France and Spain also revealed output drops on Tuesday

German industrial production declined 0.4% from September. — German industrial production declined 0.4% from September.
Photographer: Krisztian Bocsi/Bloomberg

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By Sonja Wind and Alexander Weber

December 7, 2023 at 7:05 AM UTC

Updated on

December 7, 2023 at 10:00 AM UTC

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Industrial production in Germany and Italy began the final quarter of the year with a stumble after France and Spain reported similar outcomes, pointing to a possible recession in the region.

Output in Europe’s biggest economy fell 0.4% in October from the previous month to the lowest level since August 2020, the German statistics office said Thursday. In Italy, production declined 0.2% from September.