A decline in German manufacturing will have serious implications for the eurozone economy as a whole.
Factory orders in Germany plunged by 2.2% month-to-month in May, well below the consensus for a 0.2% fall driven by a fall in exports. Germany, Europe's largest economy, wobbled in the last quarter but a recession is unlikely, say economists. If forecasts are correct, a decline in German manufacturing will have serious implications for the eurozone economy as a whole. Read more at Markets Insider. Data coming out of Germany was decent enough, says Pantheon Macroeconomics.
Factory orders in Germany plunged by 2.2% month-to-month in May, well below the consensus for a 0.2% fall driven by a fall in exports. Germany, Europe's largest economy, wobbled in the last quarter but a recession is unlikely, say economists. If forecasts are correct, a decline in German manufacturing will have serious implications for the eurozone economy as a whole. Read more at Markets Insider. Data coming out of Germany was decent enough, says Pantheon Macroeconomics.
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