BREAKING NEWS

BREAKING NEWS

German industry association BDI cuts 2018 export forecast to 3 percent

Now Reading :

German industry association BDI cuts 2018 export forecast to 3 percent

German industry association BDI cuts 2018 export forecast to 3 percent
@ Copyright :
FABIAN BIMMER(Reuters)
Text size Aa Aa

BERLIN (Reuters) - Germany's BDI industry association cut its 2018 export growth forecast for Europe's largest economy to 3 percent from 3.5 percent on Wednesday, the second cut in as many months.

It said it expects industrial output to rise by 2.5 percent this year as growth slowed due to the impact of a switch to WLTP pollution standards for the auto sector and due to the weather.

(Reporting by Maria Sheahan; editing by Thomas Seythal)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.