OUCH: German Industrial Production Tanked

Matthias Steiner Germany drops weight neck

Photo: AP

Germany industrial production dived 1.8 per cent month-over-month in September.  This was much worse than the 0.5 per cent decline expected, reports Dow Jones.Year-over-year, production fell 1.2 per cent.

This comes on the tail of yesteday’s horrific factory orders report and last week’s bad PMI number.

 

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