German industrial production plunged record -17.9%, economy ministry said low point was reached

<p>Germany industrial production plunged -17.9% mom in April, worse than expectation of -15.5% mom. That’s also a record decline, due to coronavirus pandemic and responding containment measures. Looking at some details, intermediate goods dropped -13.8% mom. Consumer goods dropped -8.7%. Capital goods dropped -35.5%. Automotive dropped -74.6%. Nevertheless, in response to the release, Economic Ministry […]</p>
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