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German industry downturn sparks economic growth fears

Shortpedia

Content Team

German industrial output including the dominating factory sector slumped unexpectedly in October. The sharp drop in capital goods production refers to a continuous weakness in the economy backbone that may not return to stable condition in the coming months. Industrial output slowed drastically by 1.7% on the month, shutting down expectations of a 0.1% rise. It’s believed to be the biggest downturn since 2009.