Germany’s awful industrial production figures released on Thursday are yet another reminder that the outlook for Europe’s largest economy is increasingly looking grim. Unfortunately for Berlin, the country’s problems are largely of its own making, as it ignored the plight of its eurozone neighbours. Production rose just 0.8% in September, well below analysts expectations of a 2.3% boost. The figure compounded bad news from the previous month which saw a shocking 5.7% drop (now revised to 4.2%). So what’s going on? Well, a look at Germany’s major trading partners might provide a clue. Of the top 12 export destinations, a …read more
Source: Business Insider