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Germany reports on a record drop of industrial production

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Germany reports on a record drop of industrial production
February 07
09:00 2020

Federal Ministry for Economics and Labor in Germany has released statistics that, to put it mildly, has stunned the financial world. The fact is that the volume of the industrial production in Germany in December fell by 3.5% in just one month.

This is the largest sharp drop in almost 10 years. Experts did not expect such distressing data, predicting a decrease of no more than 0.2%.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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