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Share report: European stocks drop on German industrial data, Iseq down 2.6%

European stocks slid to a seven-week low as a report showed German industrial production data contracted the most in more than five years and the IMF cut its outlook for global growth again.

7th October, 2014
In Dublin, the Iseq was down 2.6%

European stocks slid to a seven-week low as a report showed German industrial production data contracted the most in more than five years and the International Monetary Fund cut its outlook for global growth again.

German production, adjusted for seasonal fluctuations, dropped 4 per cent in August, the Economy Ministry in Berlin said. The numbers mark the biggest decline since January 2009.

The IMF predicted that the world economy will grow 3.8 per cent next year, a...

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