Germany's Industrial Output Falls

A sudden decline in industrial production in Germany during July, decreasing by 1.1% month-on-month and 1.6% year-on-year, with a notable fall in the automotive industry, according to data from the Federal Statistical Office. These figures are an indication of the weakness of the German economy, which is suffering from the effects of the trade war with China, with growth expected to rise to 1% in 2026, amid plans by Volkswagen to cut approximately 25,000 jobs.

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