Slow going for German industry

» Published: September 06 2024

Slow going for German industry
Photo: Michael Sohn/AP/TT

Another sign that things are going slowly for Germany – Europe's largest and most important economy – is now emerging in the form of new figures regarding industrial production. In July, it fell by 2.4 percent compared to the previous month, according to new statistics.

Primarily, it is the country's vital automotive industry that has slowed down, and for example, the car giant Volkswagen has recently announced that it may need to close factories.

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By TTTranslated and adapted by Sweden Herald
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