Germany factory output unexpectedly falls its 'industrial recession may be getting worse'

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Germany's factory recession looks like it's getting worse as output fell 1.7 in October according to official data.

That follows a 0.6 drop in September.

The fall means that output in the last year has fallen 5.7 since October 2018 which is "the steepest year-on-year decline since 2009."

Capital Economics economist Andre Kenningham said for Germany, the weakness industry "may be getting worse," and that in the coming quarters a "recession is still more likely than not."

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Germany's factory recession looks like it's getting worse as output fell 1.7 in October, according to official data. That follows a 0.6 drop in September.

According to Capital Economics, the fall means that output in the last year has fallen 5.7 since October 2018 which it says is "the steepest year-on-year decline since 2009." See the rest of the story at Business InsiderNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruptionSee Also:The Obamas reportedly just bought a 12 million home on Martha's Vineyard. They're worth 30 times more than when they entered the White House in 2008 here's how they spend their millions.PayPal puts a move to the public cloud on its wishlist; the must-know banking hires and exits of 2019'We don't ban the rich from public schools, firefighters, or libraries' Alexandria Ocasio-Cortez slams Pete Buttigieg after he says tuition-free public college is too radical

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