Germany’s Industrial Output Drops As Energy Prices Soar ...Middle East

Germany’s industrial production fell by 0.8% in August compared to July, amid a significant drop in output at energy-intensive industries, the German Federal Statistical Office said on Friday. In the energy-intensive industrial branches, production fell by 2.1% in August 2022 compared with the previous month—a much steeper drop than the overall industrial production decline, the office said. Production in the energy-intensive industrial branches in Germany has dropped by 8.6% since February 2022, the data showed. Apart from the high…

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