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German factories, stuck in a slump, hold back euro-area economy

from Bloomberg

German manufacturing remained in a slump at the start of the second quarter, casting a cloud over the euro-area economy as well as the European Central Bank's hopes for a quick recovery. Factory output in Europe's largest economy contracted for a fourth month running in April, according to a survey last week. Manufacturing in the euro area also shrank, while a broader gauge of economic activity in the region declined. more

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