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German Industrial Production Shrinks; Retail Sales Fall

Por: RTTNews Business October 07, 2022

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Germany's industrial production declined more than expected in August as raw material shortages and supply chain bottlenecks continued to dampen the functioning of many industries, official data showed on Friday. Retail sales also weakened in August signaling weak contribution to growth from household spending amid rising energy prices.Industrial output dropped 0.8 percent on a monthly basis in August after remaining flat in July, Destatis... + full article



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