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German Industrial Production Crashes Most In A Decade, ‘Dooming’ Economy
The economic picture hardly needed to get any darker for Germany, but it did anyway on Wednesday.
Industrial production fell 5.2% YoY in June, the economy ministry said, noting the obvious, which is that the factory sector "remains in a downturn".
"The decline in the industrial sector in the second quarter was mainly attributable to the areas of metal production, mechanical engineering and motor vehicles", the ministry remarked. "Within industry, all three main groups, intermediate, capital go
Did you notice the UB_F was halted this morning? Things are getting very tense…
Auto tariffs coming next. Trump loves to pummel his opponents when they’re down (…shooting himself in the foot while doing so).