Updated Nov. 7, 2023 2:54 am ET
German industrial production slumped more than expected in September, dragged by the key automotive sector and pointing to an imminent recession in the eurozone powerhouse.
Production tumbled by 1.4% from a month earlier, according to seasonally and calendar-adjusted figures set out by German statistics office Destatis on Tuesday. This was a steeper decrease than the 0.4% fall expected by economists, according to a poll conducted by The Wall Street Journal.
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