(ANSA-AP) - BERLIN, DECEMBER 6 - October factory production
dropped in Germany over the previous month in another sign the
economy, Europe's largest, is struggling.
The Federal Statistical Office reported Friday that
industrial production fell 1.7% in October over September when
adjusted for price, seasonal and calendar factors. It was down
5.3% over October 2018. The agency reported Thursday that
industrial orders in October were down 0.4%, suggesting an
upturn in production is not likely in the immediate future.
Germany just narrowly avoided entering a recession in the
third quarter and ING economist Carsten Brzeski says the data
indicate "the German economy is continuing to flirt with
stagnation a nd contraction in the final quarter." "Trade
conflicts, global uncertainty, and disruption in the automotive
industry have put the entire German industry in a headlock, from
which it is hard to escape. (ANSA-AP).
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