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German industrial production drops in March

Thursday - 5/8/2014, 6:10am  ET

BERLIN (AP) -- German industrial production dropped 0.5 percent in March, a retreat that has raised some concerns over the outlook for Europe's largest economy in light of the tensions in Ukraine and a slowdown in China.

The Economy Ministry said Thursday the March drop followed upwardly-revised 0.6 percent growth in February.

The decline was in line with expectations, and ING economist Carsten Brzeski says they are no cause for short-term worry.

But Brzeski cautioned that following weak industrial orders data, the figures are a "clear shot across the bow for the German economy."

He says they indicate the Ukraine conflict and the Chinese slowdown could have a bigger impact on the Germany economy than thought, and that the recovery across the 18-country eurozone is not yet strong enough to support German industry.


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