German Industrial Output Falls, Raising Risk Of Recession

www.oann.com | 3/17/2015 | Staff
liizu (Posted by) Level 3
BERLIN (Reuters) – German industrial output unexpectedly fell in December for the fourth consecutive month, data showed on Thursday, sending another signal that growth in Europe’s biggest economy is weakening.

Data from the Federal Statistics Office showed industrial output was down by 0.4 percent, confounding a Reuters forecast for an increase of 0.7 percent.

Analysts - Fall - Economy - Quarter - Recession

Analysts said the fall makes it more likely that the economy contracted in the fourth quarter, which would translate into a recession after growth domestic product fell in the third quarter.

The December fall was led by the construction sector, where activity shrank by more than 4 percent, which could not be offset...
(Excerpt) Read more at: www.oann.com
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