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Germany's industrial production logged a surprise decline as all sectors contracted in November, raising chances of the economy slipping into a recession, official data showed on Tuesday.
Germany's industrial production declined for the fourth straight month in September and the downturn in construction deepened further, reinforcing fears of a recession at the end of the year.
Germany's industrial production declined more than expected in June on weak auto production, data from Destatis revealed on Monday. Industrial production posted a monthly fall of 1.
A bigger-than-expected fall in industrial production together with a sharp decline in factory orders in Germany in March suggested that the first quarter economic performance was weaker than the official estimate, deepening the fears of recession.
Germany's industrial production expanded more than expected in February, underpinned by the growth in automotive output, and alleviated the risk of recession. However, a closely watched survey showed that the construction sector continued to contract in March after output and new orders fell at faster rates.