Trade
German Industry Output Drops as Tariff Threats Weigh on Recovery
- Production fell 2.5% in September; median est. 1% decrease
- Economy Ministry reiterates industry slump may end this year
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German industrial production declined in September, pouring cold water on hopes that the country’s factory slump may be bottoming out.
Output fell 2.5% from the previous month, more than all economist estimates in a Bloomberg survey. The drop was broad-based, with meaningful retreats in the car and chemicals sectors.