Industry woe for ‘the sick man of Europe’ Germany
Germany underlined its status as ‘the sick man of Europe’ as its once-mighty industrial sector suffered another slump.
In a report that stoked fears that Europe’s biggest economy is on course for another quarter of decline, official figures showed production fell 2.4 per cent in August.
Sinking feeling: Official figures showed production fell 2.4 per cent in August
That was far worse than the 0.3 per cent expected by economists and cast a further shadow over the eurozone as a whole.
Carsten Brzeski at Dutch banking group ING said the data was ‘a cold shower for everyone hoping for a speedy recovery’.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
Saxo
Saxo
Get £200 back in trading fees
Trading 212
Trading 212
Free dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.