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December 06, 2024 at 07:00AM
Prior -2.5%; revised to -2.0%
German factory output declined to start Q4 and is a notable miss on estimates. It reaffirms the dire state of the manufacturing sector, with it still being in recession towards the closing stages of the year. Even if you strip out energy and construction, industrial output was still seen down 0.3% on the month.
This article was written by Justin Low at www.forexlive.com.
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