German manufacturing output to shrink by 4% this year – Germany’s BDI

According to Germany’s powerful BDI industry association’s Managing Director Joachim Lang, manufacturing production in Europe’s economic powerhouse is expected to decline by 4% this year.

Additional Quotes:

“German exports seen only edging up half a percentage point in 2019 due to weaker foreign demand.”

“After six consecutive years of growth, Germany’s industrial sector is stuck in recession since the third quarter of 2018.”

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