China Financial Daily

April 15, 2009

German industrial sales dropped to hit biggest record drop in 18 years

Filed under: Financial News — Tags: — Nancy @ 8:19 am -0700

German industrial sales dropped to hit biggest record drop in 18 years
Xinhua on April 14th from Frankfurt, on 14th the German Federal Bureau of Statistics released data to show that sales of German industrial products in February dropped 23.3 percent year-on-year, the largest decline in single month since in 1991 unification of the two Germanys. Statistics showed that the current industrial situation in Germany was still deteriorating, the industrial sales in February following a 19.9 percent reduction in January sharply fell again. Of which export sales of industrial products dropped 27.5 percent year-on-year, domestic sales fell 19.5 percent year-on-year.

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