A bigger-than-expected fall in industrial production together with a sharp decline in factory orders in Germany in March suggested that the first quarter economic performance was weaker than the official estimate, deepening the fears of recession.
Largely reflecting the contraction in auto production, industrial output dropped 3.4 percent from February, when production increased by a revised 2.1 percent, Destatis reported Monday. Economists had forecast a monthly fall of 1.3 percent in March.
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by Renju Jaya
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