Joined Nov 11, 2007
31,929 Blog Posts

German Industrial Output Drops More Than Expectations

“BERLIN (AP) — Industrial production in Germany dropped by an unexpectedly sharp 2.2 percent in April compared with the previous month, official data showed Wednesday, sending a downbeat signal about the economy’s ability to shrug aside the eurozone debt crisis.

The decline was led by a 3.6 decrease in production of capital goods such as factory machinery and a 3.7 percent fall in production of consumer goods, the Economy Ministry said.

The drop followed a 2.2 percent month-on-month gain in March — a figure that was revised sharply downward from the initial reading of 2.8 percent.”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter