German Industrial Production Falls for First Time This Year
- March measure falls 0.4%; economist est. 0.7% decrease
- Economy expected to slowly recover from recent weakness
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German industrial output fell for the first time this year — highlighting the sector’s enduring challenges within Europe’s largest economy.
Production decreased 0.4% in March, led by drops in consumer and intermediate goods, and energy, the statistics office said Wednesday. That was still better than the 0.7% decline estimated by economists in a Bloomberg poll.