German production slumps, drags euro-zone output down in August

Summary: Euro-zone industrial production slumps 1.6% in August, fall slightly less than expected figure; annual growth rate falls to 5.1%; now 1.5% below pre-pandemic peak output; production down in two of euro-zone’s four largest economies, Germany down significantly. Following a recession in 2009/2010 and the debt-crisis which flowed from it, euro-zone industrial production recovered and then reached a peak four years later in 2016. Growth rates then fluctuated for two...

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