The Industrial Sector Suffers The Consequences Of The Crisis In Germany, The "sick Man Of Europe"

Germany underlined its status as “the sick man of Europe” as its once-mighty industrial sector suffered another slump.

In a report that stoked fears that Europe’s largest economy was headed for another quarter of decline, official figures showed output fell 2.4 percent in August.

Sinking feeling: Official figures showed output fell 2.4 percent in August

This figure was much worse than the 0.3 percent expected by economists and cast an even bigger shadow over the eurozone as a whole.

Carsten Brzeski of Dutch banking group ING said the data was “a cold shower for all those hoping for a quick recovery”.

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The industrial sector suffers the consequences of the crisis in Germany, the “sick man of Europe”