Some Surprisingly Bad Economic News In Germany

Germany

Photo: Per Kollstad

This is interesting.You’d surmise that as its neighbours collapse, the German economy would feel the weakness, because its so export dependent.

And indeed, German August factory orders just fell 1.4% vs. expectations of being unchanged,

But according to Markit, the source of the weakness was actually a collapse in the domestic market, down 3.2% in the month, whereas foreign orders actually increased by 0.1%.

Perhaps domestic buyers are starting to get really nervous, beyond even what’s called for, as things deteriorate so intensely.

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