Home German manufacturing output to shrink by 4% this year – Germany’s BDI
FXStreet News

German manufacturing output to shrink by 4% this year – Germany’s BDI

According to Germany’s powerful BDI industry association’s Managing Director Joachim Lang, manufacturing production in Europe’s economic powerhouse is expected to decline by 4% this year.

Additional Quotes:

“German exports seen only edging up half a percentage point in 2019 due to weaker foreign demand.”

“After six consecutive years of growth, Germany’s industrial sector is stuck in recession since the third quarter of 2018.”

  • EUR/USD Technical Analysis: On the back foot below 2-week-old horizontal area

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.