German industry downturn sparks economic growth fears
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.