Germany’s economic output decreased in the first quarter as activity was dampened in all sectors, the latest monthly report from Bundesbank said Monday.

Industrial production continued to fall in February. “Supply bottlenecks for raw materials must have played an important role in the decline, so that there were production delays despite the good order situation,” the report said.

While stricter and longer-lasting lockdown restrictions worsened the losses in several firms in the service sector, a renewed increase in VAT rates and exceptionally harsh weather in January and February led to a sharp reduction in construction output, the report said. However, incoming orders meant the slump may not last long.

The report also said that the short-time work rose sharply in January, by 40 percent from October before the coronavirus restrictions were tightened again. Consequently, employment remained stable at the beginning of the year and the unemployment rate was steady at 6.0 percent.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.