Overseas network, October 9, according to Reuters on the 9th, the German Federal Statistics office said on the same day that industrial output shrank for the fourth consecutive month in August, indicating that Europe's largest economy is still deep in the downturn.
German industrial production fell 0.2 per cent month-on-month in August, data showed. Among them, construction production fell 2.4% month-on-month, energy production fell 6.6% month-on-month, machinery and equipment manufacturing fell 2.3% month-on-month, affecting the overall performance of German industrial production in August.
Germany's manufacturing sector, which accounts for about a fifth of its economy, remains Mired in a deep slump. The final HCOB manufacturing purchasing managers' index (PMI) for September came in at 39.6, well below the 50-point line that separates expansion from contraction.