Aaand It Just Keeps Getting Worse For German Manufacturing (And French Services)

Well, the economic picture continues to darken for Germany. Earlier this month, data showed German industrial output logged its largest annual drop in nearly a decade in November, and that came hot on the heels of lackluster factory orders data, which betrayed an 11.6% drop in orders from the rest of the eurozone. Here's the former on a chart, because you really need the visual for context. (Bloomberg) In its updated World Economic Outlook, the IMF was particularly tough on Germany. The Fu