The continuing turbulence on equity markets is now being felt directly by German companies.
The Federal Statistics Office revealed that exports in August fell by 2.5 percent. Industrial associations report big drops in exports and empty order books. National railway operator Deutsche Bahn also is feeling the effect of the financial crisis. It and the German government, its largest shareholder, announced that a planned initial offering of its freight and passenger unit would be postponed until the situation on the financial markets improved.
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