November 14, 2018 / 9:46 AM / a month ago

German industry association BDI cuts 2018 export forecast to 3 percent

Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer

BERLIN (Reuters) - Germany’s BDI industry association cut its 2018 export growth forecast for Europe’s largest economy to 3 percent from 3.5 percent on Wednesday, the second cut in as many months.

It said it expects industrial output to rise by 2.5 percent this year as growth slowed due to the impact of a switch to WLTP pollution standards for the auto sector and due to the weather.

Reporting by Maria Sheahan; editing by Thomas Seythal

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