German industrial output posts record plunge


Gaining speed: Employees of Porsche working on power trains for the Taycan full-electric sportscar. The German economic recovery is beginning, says the Economic Ministry. — AFP

BERLIN: German industrial output posted a record plunge in April as the coronavirus pandemic forced manufacturers in Europe’s largest economy to halt production, with firms expecting a bumpy road ahead despite a massive stimulus package.

Industrial output dropped by 17.9% on the month, figures released by the Statistics Office showed. A Reuters poll had pointed to a slightly smaller fall of 16.0%.

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