ZBERLIN Wholesale Los Angeles Chargers Jerseys , Oct. 7 (Xinhua) -- German factory output slumped in August at the biggest rate since early 2009, official data showed on Tuesday, following a series of disappointing figures that suggested the Europe's largest economy was losing momentum.
Adjusted for price, seasonal and working day variations, production in industry fell by 4 percent month-on-month in August, said German Federal Statistical Office (Destatis). It was the biggest drop since January 2009 when the output was down by 6.9 percent.
Capital goods declined by the most Wholesale Chargers Jerseys , according to Destatis, with a rate of 8.8 percent. The production of intermediate goods fell by 1.9 percent, while consumer goods production decreased slightly by 0.4 percent.
"The industrial sector is currently going through a period of weakness," said German Federal Economy Ministry in a statement, "For the entire third quarter, a weak production is expected."
On Monday Cheap Los Angeles Chargers Jerseys , Destatis reported that new manufacturing orders in August also suffered the biggest month-on-month drop since early 2009. Earlier survey by Markit analysis group found that Germany's manufacturing purchasing managers' index (PMI) slipped from 51.4 in August to 49.9 in September, meaning that the manufacturing activities in Germany was contracting.
Federal Economy Ministry attributed the decline of factory output in August to the timing of German school holidays. Recent figures and experts' analysis, however, showed that the situation of German economy was deteriorating, as investment climate, as well as exports Cheap Chargers Jerseys , was hit by war in Ukraine and weak economic growth in the euro zone.
Confidence of German enterprises have dropped to the lowest level in 18 months, while consumers' mood started to be hit by external uncertainties as it was expected to fell for the second consecutive month in October.
"Should the crises escalate further, a deterioration in the general conditions in Germany, which have so far remained excellent, cannot be ruled out. In this case, there is a danger that private consumption would no longer fulfill its role as a key pillar of the German economy Antonio Gates Chargers Jersey ," said market research institute GfK in its recent report.
German gross domestic product (GDP) declined by 0.2 percent in the second quarter, following a growth of 0.7 percent in the first three months of 2014. Economists said that the engine of euro zone would revive in the second half year, but might missed previous expectations.
German Institute for Economic Research (DIW) in Berlin has cut its forecast for German 2014 growth to 1.5 percent. Federal Economy Minister Sigmar Gabriel also suggested that German government would downwardly adjust its forecast for economic growth from the current 1.8 percent.
European Council president Donald Tusk (Xinhua file photo)
BRUSSELS, Oct. 10 (Xinhua) -- The other 27 members of the Europe Union (EU) are not working on a "no deal" scenario in their Brexit talks with Britain, President of the European Council Donald Tusk said on his twitter account Tuesday.
"We negotiate in good faith and hope for 'sufficient progress' by December," he added.
Tusk' remarks came a day after British Prime Minister Theresa May told Britain to prepare for a no-deal Brexit.
Addressing MPs in the House of Commons on the first day back after the conference season Dan Fouts Chargers Jersey , May said achieving a special partnership after Brexit will require leadership and flexibility, not just from Britain, but from the 27 nations of the