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