Germany’s economy ministry was out with some comments in the last hour saying that the state of the economy is mixed – the industrial sector is going through a weak phase but domestic impetus remains strong.
Key quotes:
“¢ Order levels, business expectations point to continued weakness in manufacturing.
“¢ Production in H1 2019 will be significantly weaker than in H1 2018.
“¢ Indicators point to subdued exports in the coming months.
“¢ Weak phase in manufacturing will be more than compensated for in other areas of the economy in Q1 2019.
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