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German exports down nearly a quarter in April as virus hits

German exports down nearly a quarter in April as virus hits

4 years ago
Anonymous $-9GJQVHNr8

https://apnews.com/89ededd9651d026bddccaeef918e86f1

BERLIN (AP) — German exports plunged by nearly a quarter in April compared with the previous month as coronavirus shutdowns dragged down demand, official data showed Tuesday.

The figures from the Federal Statistical Office followed data showing big drops in factory orders and industrial production in Europe's biggest economy in April, underlining expectations of a sharp economic contraction in the second quarter.