Summary Of The Great Depression In The 1930's
Industrial production fell for a second time in Europe's largest economy.
Production fell 1.3 percent in March from previous month, falling short of 0.2 percent decline forecasted by economists in a Reuter survey.
Intermediate goods reportedly declined 1.3 percent, while construction dropped 3.2 percent from February. Consumer goods plunged 0.2 percent and production of investment goods fell 1.4 percent. Only energy production surged 0.3 percent.
Global slowdown is still affecting the German economy after record-low unemployment showed new job creation is low. The data that measures business confidence dropped last month as Bundesbank said “the slowdown in growth will continue in the second quarter as the economy currently have to rely on domestic demand.” …show more content…
Although data published on Monday signaled that factory orders should pick up in coming months, it’s yet to be ascertained if 1.9 percent increase in oversea orders in March could be sustained given current market
Production fell 1.3 percent in March from previous month, falling short of 0.2 percent decline forecasted by economists in a Reuter survey.
Intermediate goods reportedly declined 1.3 percent, while construction dropped 3.2 percent from February. Consumer goods plunged 0.2 percent and production of investment goods fell 1.4 percent. Only energy production surged 0.3 percent.
Global slowdown is still affecting the German economy after record-low unemployment showed new job creation is low. The data that measures business confidence dropped last month as Bundesbank said “the slowdown in growth will continue in the second quarter as the economy currently have to rely on domestic demand.” …show more content…
Although data published on Monday signaled that factory orders should pick up in coming months, it’s yet to be ascertained if 1.9 percent increase in oversea orders in March could be sustained given current market