GERMAN INDUSTRIAL CRASH FAR WORSE THAN EXPERTS PREDICTED.

In July, German industrial production experienced a sharper decline than expected, largely driven by a slowdown in the automotive industry. This drop has intensified fears that Europe’s largest economy could contract once more in the third quarter. The federal statistics office reported a 2.4% decrease in production from the previous month, significantly surpassing the anticipated 0.3% decline forecasted by analysts.