Mar 31, 2024
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BERLIN | German economy shrinks for the first time since early 2015
BERLIN | German economy shrinks for the first time since early 2015
BERLIN — Germany‘s economy shrank slightly in the third quarter of 2018, the first quarterly decline since early 2015, largely because of bottlenecks in getting new cars certified under tougher emissions tests.
The Federal Statistical Office reported Wednesday that the German economy shrank by 0.2 percent in the third quarter. The figures have been adjusted for price, seasonal and calendar…
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BERLIN | German factory production slumps for third straight month
BERLIN | German factory production slumps for third straight month
BERLIN— German factory production dropped in August for the third straight month in a disappointing trend for Europe’s largest economy.
The Economy Ministry reported Monday that industrial production dropped 0.3 percent over July in numbers adjusted for seasonal and calendar variations.
That followed drops in July of 1.3 percent and June of 0.7 percent. The ministry on Friday reported that factory…
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