BERLIN (Reuters) - Germany's manufacturing sector, which accounts for about a fifth of its economy, remained mired in a downturn in September on weak ...
Church Brewing: where the customers are the congregation and the choir | SaltWireBERLIN - Germany's manufacturing sector, which accounts for about a fifth of its economy, remained mired in a downturn in September on weak demand and rapidly falling output, a survey showed on Monday.
Output fell at the fastest rate since May 2020 - when the COVID-19 pandemic was hammering business activity worldwide - amid a further sharp drop in new orders, the survey showed. Weaker demand across the sector meanwhile fed through to lower prices, with September seeing further declines in both input costs and output charges, according to the report.
He explained that in past phases of weak growth or recessions, the new orders index stayed in contractionary territory for less than two years and after that, it moved above 50, signalling growth again.
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