In Germany, falling industrial output

According to the analytical to Bloomberg, the German industrial production in April dropped significantly - by 21.6% compared with the same month in 2008. Such a decrease of 1.6% exceeded the expectations of experts. Moreover, compared with the March figures, a slight drop - 1.9%. The main reason for this decline is the reduction in output of machinery (6.4% compared to March). Actually, the reason for the optimism of the Germans quite a bit. The country's economy will slowly come out of the recession, which is noted in the first quarter as companies in Germany are now actively reducing staff, and export volumes decreased due to a general slowdown of consumption and the global economy