Virus saps German industrial output by 9.2% in March 2020

"Because of the coronavirus pandemic," the monthly barometer of manufacturing output – a key measure of economic health – suffered"its worst fall since the beginning of the data series in 1991," statistics authority Destatis said in a statement.with its 800,000 employees was among the most heavily impacted, suffering a 31.1% drop in production.

Auto bosses are pressuring the government to repeat a so-called"cash for clunkers" trade-in scheme last seen following the 2009 financial crisis. Elsewhere, Destatis highlighted falls of more than 12% in March for production of print media and more than 11% in pharmaceuticals and clothing.But construction provided a bright spot, adding almost 2%.

Source: News Formal (newsformal.com)

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Snubbing Merkel pleas, German states further ease virus curbsPressure has been growing on Chancellor Angela Merkel to ease curbs on public life that have plunged the economy into a deep recession.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Malaysia slashes rates to fight virus impact
Source: ABSCBNNews - 🏆 5. / 83 Read more »

Russia’s virus cases rise by over 10,000 for third dayRussia cemented its place as the European country reporting the highest number of new coronavirus infections Tuesday as its total cases soared passed 155,000.
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Russia reports more than 10,000 new virus casesThe number of new cases in Russia is significantly higher compared to other European countries, with the United Kingdom in second place.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Australia 'losing $2.5 billion a week' in virus shutdownAustralia's gross domestic product is expected to fall 10% in the 2nd quarter of 2020. coronavirus
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Red Cross looks to global influencers to fight virus 'infodemic'If you would be interested in participating, please apply here:
Source: ANCALERTS - 🏆 26. / 50 Read more »