07/08/2014 11:22
-The German economy is suffering from summer flu. With a small gain in June (0.3%), industrial production was nowhere near sufficient to compensate for the fall in May (-1.7%).
-This suggests that GDP declined in Q2 by 0.1% on Q1, and we even see further downside risk to this forecast. At the same time, yesterday's order intake data points to a disappointing Q3.
