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ZDEU - German Factory Orders Continue To Fall - There's Not A Great Deal The ECB Can Do About This
SPDR Solactive Germany ETF
German factory orders
We've the numbers for August factory orders in Germany. Not good news; they're now down 6.7% year on year vs. a decline of only 5% the previous month.
We can also look at these numbers on a monthly basis and see that they're down 0.6% when the expectation was only for a 0.3% decline.
It would be reasonable to suggest that the German manufacturing economy is in recession now. The big question then becomes, well, what can anyone do about it?