Economics

Germany’s Industry Shock Raises Specter of Economic Recession

  • Industrial output fell 1.9% in November, most in four months
  • Euro-area economic sentiment falls to lowest since early 2017
Germany’s Industry Shock Raises Specter of Economic Recession
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A dramatic plunge in German industrial activity late last year raised the risk that Europe’s largest economy will slip into recession.

Production fell for a third month in November and posted its worst year-on-year drop since the end of the financial crisis, with weakness in everything from consumer goods to energy. A slump in Germany has repercussions for the euro area, where separate numbers on Tuesday showed economic confidence has fallen to the lowest in almost two years.