Filed under: International Markets, Market Matters, Economic Data, Recession
Germany's industrial production has led the rebound in Europe. That was until the last quarter of 2009. In December, Germany's industrial production dropped 2.6% after rising 0.7% in November.
Germany supposedly turned the corner in the second quarter of 2009. But Alexander Koch, economist for Unicredit in Munich said: "The most vibrant part of the rebound" in industry was apparently over. One reason is that Germany ended subsidies to its auto industry recently.
Continue reading Germany, Linchpin of The Eurozone, Falters
Germany, Linchpin of The Eurozone, Falters originally appeared on BloggingStocks on Fri, 05 Feb 2010 18:30:00 EST. Please see our terms for use of feeds.
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Full story at http://www.pheedcontent.com/click.phdo?i=99c6846c0f76eecd1360d413e899553e
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