German manufacturing output to shrink by 4% this year - BDI

FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer - Copyright Fabian Bimmer(Reuters)

By Reuters

Published on 19/11/2019 - 19:06•Updated 11/05/2024 - 01:50

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BERLIN (Reuters) - Germany's BDI industry association said on Tuesday it expected manufacturing production in Europe's largest economy to decline by 4% this year, with overall German exports seen only edging up half a percentage point in 2019 due to weaker foreign demand.

"After six consecutive years of growth, Germany's industrial sector is stuck in recession since the third quarter of 2018," BDI Managing Director Joachim Lang said in a statement.