BERLIN | German recession fears mount after more poor industrial data

8Jan - by Editor - 0 - In STL.News

BERLIN  —Jan 08, 2019—Government figures show that industrial production in Germany dropped for the third consecutive month in November, a development that’s likely to fuel concerns that Europe’s biggest economy may have entered a technical recession in last year’s fourth quarter.

The Economy Ministry said Tuesday that production was down 1.9 percent compared with the previous month.

That follows declines of 0.8 percent and 0.1 percent in the previous two months, meaning that the crucially important industrial sector will be a sizeable drag on the overall economy during the third quarter.

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