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Germany’s industrial slump continued in October
The slump continues. German industrial production fell by 1% month-on-month in October from -2.5% MoM in September. On the year, industrial production is down by almost 5%. This is a very weak start to the fourth quarter, increasing the risk of a winter recession in Germany. German industry has been the best example of the entire economy’s problems over the last few years: stuck between cyclical and structural headwinds and coming to terms with the fact that the traditional macro business model of cheap energy and easily accessible large export markets is no longer working. This is why almost five years after the ... (full story)
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- Posted: Dec 6, 2024 3:59am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 4,242
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