The fourth decline in production in a row makes it more likely that the German economy will fall back into recession. Industry, construction and energy suppliers together produced 0.2 percent less in August than in the previous month, the Federal Statistical Office said. Emissions have been falling continuously since May. According to experts, this means that the gross domestic product is likely to have shrunk in the third quarter. Economists speak of a recession if there are two negative quarters in a row. Germany escaped this in the spring with stagnation after the economy shrank in the winter half of the year. According to the Federal Ministry of Economics, the recent increase in orders gives hope “that industrial production may have bottomed out and will pick up speed again towards the turn of the year.” One bright spot is the auto industry, which produced 7.6 percent more in August than in the previous month.
Production continues to fall – economy
