German industry reels from anti-Russian sanctions ...News

Russia Today - Economy
German industry reels from anti-Russian sanctions
source : Russia Today ( News ) () 13
Production decline in March exceeded analysts’ expectations German industrial production dropped more than expected in March, data released on Friday by the country’s statistics office shows. According to Destatis, Covid-related supply chain issues have been exacerbated by the conflict in Ukraine. Production slid by 3.9% last month following a 0.1% increase in February, far outstripping expectations of a one-percent decline. On an annual basis, industrial output slumped by 3.5% in March following a 3.1% jump the month before. Manufacturing production lost 4.6% in March and energy production was down 11.4%, while c

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