Rates of decline in industrial production in Germany exceed forecasts

Kamil Mahmudov
Author

The rate of decline in German industrial production exceeded forecasts amid falling demand, Report informs referring to Reuters.

Production in September decreased by 1.4%, despite the forecast of 0.1%.

According to an economist at the ING banking group, in addition to the disappointing forecasts for a decline in GDP in the third quarter, Germany is likely to end the year in a technical recession.

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