Industrial Production In Germany Decreases With Concerns About Increase in Cases

Industrial Production In Germany Decreases With Concerns About Increase in Cases Industrial production in Germany decreases with concerns about an increase in cases. Industrial production in the country unexpectedly declined after three months of rise. Industrial production in Germany, which has been on the rise for three months in a row, has surprisingly declined with concerns about the increase in coronavirus cases. Manufacturers in the country decided to reduce production, underlining that the re-spread of the epidemic poses a threat to economic recovery. According to the data released by the German Ministry of Economy, industrial production fell by 0.2 percent in August after three consecutive months of increase. Economists expected a 1.5 percent increase. In a statement made by the Ministry of Economy, it was stated that this weakness was due to the decline in automobile production. In another report shared on Tuesday, factory orders increased consecutively for the fourth month.