Ouch! More bad numbers from Germany. After disappointing ind orders, German ind production dropping 1.1% MoM vis +0.2% expected in July after falling 0.7% MoM in Jun. At the same time, exports decreasing by 0.9% MoM, driven by global trade uncertainty.
Production industrielle et exportation en berne en Allemagne.
La guerre commerciale de Trump se fait sentir. Le commerce international ralentit.