German industry output, exports fall sharply in April
Written by OANN on June 7, 2019
FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer/File Photo
June 7, 2019
BERLIN (Reuters) – German industrial output fell more than expected in April, bogged down by sharp drops in investment and intermediate goods, data showed, pointing to headwinds from trade frictions and Brexit uncertainty that are hurting growth in Europe’s biggest economy.
Industrial output declined by 1.9% on the month, data from the Statistics Office showed on Friday. That compared with the forecast for a 0.4% fall.
Separate data showed exports dropping by 3.7 percent in April, the biggest drop since August 2015.
(Writing by Joseph Nasr; Editing by Michelle Martin)