Germany's industrial output registered its sharpest fall in more than three years in August due to the fall in auto production, fueling concerns about a potential recession.
Industrial output fell 4.3 percent in August, in contrast to the 1.3 percent increase in July, figures from Destatis showed on Wednesday.
This was the biggest fall since March 2022, when output was down 4.4 percent. Output was expected to fall 1 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.