German industry production down 3rd straight month

Published July 7, 2014 11:15am ET



BERLIN (AP) — German industrial output fell sharply in May, a third consecutive drop that suggests Europe’s biggest economy and engine of growth lost steam in the second quarter amid slowing business in China and tensions over Ukraine.

The 1.8 percent drop compared with the previous month also reinforces concerns over the economy of the wider 18-country eurozone as other countries, such as France, are still too weak to pick up the slack.

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