MAJOR Drop In German Factory Orders

More recessionary winds out of Europe today, this time from Germany.

Factory orders in November fell 4.8%.

Analysts expected a decline of just 1.8%.

According to Markit, foreign orders fell at a 7.8% clip, a sure sign that domestic industry is getting clobbered by weakness in the neighbourhood.

This chart, also from Markit, shows what a steep dropoff Germany is seeing.


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