German Locomotive Losing Steam

Recent economic news from Germany, which has the largest economy in Europe and is considered the “locomotive” for the Eurozone, has not been good. Factory orders in June declined 3.3% from the May level and 2.4% from a year earlier. This followed a 1.6% drop in May. The Purchasing Managers’ Index for manufacturing has been […] View the full post at: German Locomotive Losing Steam Related posts: German Industrial Production Increased in January In Q1 US GDP Fell by -1.6% According to OECD China, Greece, and Germany Rattle Overnight Markets