cloudyn.png
Thursday January 23rd, 2020 8:29PM

German factory production slips, raising new economic fears

By The Associated Press
Related Articles
  Contact Editor

BERLIN (AP) — German factory production declined unexpectedly in December, increasing concerns about the weakening of Europe's largest economy.

The Federal Statistical Office said Thursday industrial production dropped 0.4 percent in December over the month before, when adjusted for seasonal and calendar factors.

On Wednesday, the office reported factory orders also slipped. In both cases, economists had been predicting increases, and the developments raised speculation Germany might have contracted in the fourth quarter of 2018 for the second quarter in a row, meaning it entered a technical recession.

Last week, the government slashed its 2019 economic growth forecast from 1.8 percent to 1 percent. Germany's economy grew 1.5 percent last year and 2.2 percent in 2017.

In January, officials said it appeared Germany had avoided recession, but fourth-quarter numbers haven't yet been finalized.

  • Associated Categories: Associated Press (AP), AP World News, AP Business, AP Business - Corporate News, AP Business - Economy
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
German antitrust authorities restrict Facebook data use
German antitrust authorities have issued a ruling prohibiting Facebook from combining user data from different sources
4:26AM ( 9 minutes ago )
The Latest: Corbyn sets out Brexit demands in letter to May
The leader of Britain's main opposition Labour Party has written to Prime Minister Theresa May, spelling out what he wants in exchange for backing the government's Brexit plan
4:23AM ( 13 minutes ago )
Virginia's top 3 elected officials engulfed in scandal
Virginia's top 3 elected officials, all Democrats, engulfed in political crisis that threatens to take them down
4:23AM ( 13 minutes ago )
Associated Press (AP)
Rescuers pull out 12 hurt in Turkey collapse that killed 3
One more person has been found dead in the rubble of a collapsed eight-story building in Istanbul, raising the death toll to at least three
1:27AM ( 3 hours ago )
Images suggest Iran launched satellite despite US criticism
Satellite images suggest Iran has attempted a second satellite launch despite US criticism of its program
12:18AM ( 4 hours ago )
Project helps women in developing nations gain economically
White House effort aims to help 50 million women in developing countries get ahead economically
12:09AM ( 4 hours ago )
AP World News
Flames from San Francisco gas explosion damage 5 buildings
Explosion on a gas line in San Francisco prompted evacuations, damaged 5 nearby buildings
1:13AM ( 3 hours ago )
Unbowed by Trump, Democrats charge ahead with investigations
President Donald Trump has warned Congress that investigations and legislation don't mix
11:48PM ( 4 hours ago )
Reporter alleges Jill Abramson lifted material for her book
The former executive editor of The New York Times is facing allegations that she lifted material from other sources for her book "Merchants of Truth."
11:43PM ( 4 hours ago )
AP Business
Trump now says he wants more legal immigration
President Donald Trump says he's now in favor of more legal immigration, marking a break from the policies he's advocated
8:35PM ( 8 hours ago )
Some workers still unpaid after shutdown, dread what's next
Many federal workers are still reeling financially and waiting to be made whole after the longest government shutdown in U.S. history
7:35PM ( 9 hours ago )
Democrats charge ahead with investigations unbowed by Trump
President Donald Trump has warned Congress that investigations and legislation don't mix
5:26PM ( 11 hours ago )
AP Business - Corporate News
Ivanka Trump unveils White House global women initiative
Ivanka Trump is unveiling an effort aimed at women's global economic empowerment that seeks to support 50 million women in the developing world by 2025
7:01PM ( 9 hours ago )
No plans yet for US, China presidents to meet on trade
Treasury Secretary Steven Mnuchin says there are no plans yet for President Donald Trump and Chinese President Xi Jinping to meet to finalize a trade deal
3:41PM ( 12 hours ago )
United courts the well-heeled with more premium seats
United Airlines plans to retrofit many planes and add premium seats in a bid to win over high-fare passengers
2:58PM ( 13 hours ago )
AP Business - Economy
German antitrust authorities restrict Facebook data use
German antitrust authorities have issued a ruling prohibiting Facebook from combining user data from different sources
4:26AM ( 9 minutes ago )
The Latest: Corbyn sets out Brexit demands in letter to May
The leader of Britain's main opposition Labour Party has written to Prime Minister Theresa May, spelling out what he wants in exchange for backing the government's Brexit plan
4:23AM ( 13 minutes ago )
Virginia's top 3 elected officials engulfed in scandal
Virginia's top 3 elected officials, all Democrats, engulfed in political crisis that threatens to take them down
4:23AM ( 13 minutes ago )
Effort to save Egypt's Abu Simbel temples in 1960s recalled
Egyptologists and other experts gathered in Italy to celebrate the campaign that saved ancient Egyptian temples from being submerged by a dam project 50 years ago
4:03AM ( 32 minutes ago )
The Latest: Turkey rescuers pull 5-year-old girl from rubble
Turkish emergency services have pulled out a 5-year-old girl from the rubble of an eight-story apartment building in Istanbul about 18 hours after it collapsed
3:54AM ( 42 minutes ago )