German industrial output falls unexpectedly as China slows down
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GERMAN industrial production unexpectedly fell in November, led by investment goods, in a sign that a slowdown in emerging markets such as China and Brazil may weigh on economic growth.
Output, adjusted for seasonal swings and inflation, slid 0.3 per cent from October, when it gained a revised 0.5 per cent, data from the Economy Ministry in Berlin showed on Friday. The reading, which tends to be volatile, compares with a median estimate for a 0.5 per cent gain in a Bloomberg survey of economists.
