German production drops further ...News

Factory output fell in August to the lowest level this year, official data has revealed German industrial production dropped for the fourth month straight in August as factory activity faces a prolonged downturn, the Federal Statistical Office revealed on Monday. Production slid 0.2% from July, driven by the slowdown in construction and soaring energy prices, marking the lowest index for output recorded in Germany this year. German factories, as well as the country’s economy as a whole, continue to struggle with a “toxic” combination of poor external demand, including from China, shortages of skilled workers, high

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German production drops further ...News

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