• Industrial production drops in Germany in October

    9 days ago - By Chron

    BERLIN - Official figures show that factory production in Germany declined in October in another sign that Europe's largest economy may be slowing.
    The Economy Ministry said Friday that industrial production dropped 0.5 percent in October over September after adjusting for seasonal and calendar factors. The drop erased modest gains made in the last two months.
    Despite the decline, ING Economist Carsten Brzeski says the latest figures still "support modest optimism," noting that "German industry has at least not lost more momentum but instead is treading water."
    The German economy shrank by 0.
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