Shrinking manufacturing is underway in the eurozone’s largest economy, Germany where the sector is deep in a recession or a depression. German Manufacturing PMI collapsed to 42.3 (Jan 45.5), 4 month low, which is depression territory. Anything under 50 is a contraction so with a worrying PMI of 42.3. Data tells a story. German manufacturing is de-industrialising, and that should not surprise anyone. An engine starved of fuel...
Read More
Recent Comments