Germany’s macro horror show continues, and we are almost getting to the point where kids ask their parents where they were the last time Germany produced a series of positive macro data. Today’s industrial production data is unfortunately no exception to the longer-lasting trend. German industrial production dropped once again in September for the fifth consecutive month.
or Daniel Kral on X: "There is no end in sight for the weakness in German industry, which has become more broad-based in Q3. Hard to pick out any positives. German industrial production now a staggering 17% below the trend from 2010s, meaning over a hundred billion Euros in lost output. https://t.co/vflSSx3j9J" / X (twitter.com)Germany’s macro horror show continues, and we are almost getting to the point where kids ask their parents where they were the last time Germany produced a series of positive macro data.
Today’s industrial production data is unfortunately no exception to the longer-lasting trend. German industrial production dropped once again in September for the fifth consecutive month.
One odd spot is E Musk choice to build "Tesla to build small electric car in Germany – report The smallest and most affordable Tesla yet may be built in Europe – in addition to the US and Mexico – according to sources quoting staff at the electric-car giant’s German factory."
Musks Midas touch went walkabout with 50billion Twitter now a X rated 20 (or less) cash burn hell so the choice to add to the power demands in Germans basket case of EUs highest power prices might be on trend?
