REUTERS/Kai PfaffenbachTwo traders talk with each other on the floor of the German bourse in Frankfurt on July 21, 1997.German economic data has been unquestionably bad in recent days. Earlier today, we learned industrial production unexpectedly fell 0.5% year-over-year in June, missing expectations for a 0.3% gain. This was the first year-over-year decline since July 2013. “June’s year-over-year reading confirms the German industry is decelerating from a 5% annual growth peak reached in January,” said Bloomberg’s Maxime Sbaihi and Niraj Shah in a piece titled “No End in Sight for the German Industrial Slowdown.” “[T]he pace deceleration is worrying with …read more
Source: Business Insider