German factory recession deepens with biggest output fall in a decade business live

over 4 years in The guardian

Rolling coverage of the latest economic and financial news
7.56am GMT
On an annual basis, Germany just suffered its worst drop in factory output since the financial crisis!
#Germany October industrial production is seen falling at its quickest annual pace since November 2009. Slump. pic.twitter.com/POpxBrbaCZ
Ouch! The Manufacturing #recession continues. #Germany's industrial production fell 5.3% YoY in October, the most in ten years! pic.twitter.com/r1WTI0ldou
7.42am GMT
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“The economic weakness in industry remains.
However, the latest developments in new orders and business expectations indicate that a stabilising trend could emerge in the coming months.”
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The vote will pit William Stobart, the third son of the company’s founder, against his childhood friend and former brother-in-law, Andrew Tinkler.
If their competing bids fall through, the company could collapse under the weight of a huge debt pile months before its 50th birthday.
Related: Eddie Stobart transport firm teeters on brink of collapse Continue reading...

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