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German economy stutters as exports plunge

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Exports fell 4pc in March from the previous month

Exports fell 4pc in March from the previous month

Bloomberg

Exports fell 4pc in March from the previous month

German exports fell sharply in November and industrial output declined, suggesting Europe's largest economy ended 2014 on a weak note.

The slowdown in the Eurozone anchor both reflected and further fed weakness across the currency bloc, which is still struggling to emerge from a long-running economic crisis.

Some economists felt the fall in oil prices could provide a boost for Germany's powerful exporters, while a weakening the euro could help companies selling beyond Europe.

But seasonally-adjusted exports dropped for a second consecutive month in November by a bigger-than-expected 2.1pc.

Industrial output decreased by 0.1pc as construction activity weakened and energy production fell. That was weaker than a consensus forecast for a 0.4pc increase.

Irish Independent