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French Manufacturing Slumps 1.8%: Worst Quarterly Drop Since 2012

IMG Auteur
Mish
Global Economic Analysis
Published : May 13th, 2018
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Category : Opinions and Analysis

French manufacturing fell 1.8% in the first quarter. Industrial Production fell 1.2%, the worst start in 6 years.

First Germany, Now France

The eurozone recovery is faltering, first with Germany, now with France.

Germany

In February, German Industrial Output fell by 1.6 percent after rising by a revised 0.1 percent in January, data from the Economy Ministry showed. February’s drop was the biggest since August 2015 and compared with a Reuters consensus forecast for a rise of 0.3 percent.

In March, German Industrial Production Rebounded 1.0% but that would seem to leave Germany in the red.

Upswing Intact?

Germany's economy minister said the 'Upswing Remains Intact' and industrial output edged up 0.1 percent on the quarter.

Really?

The math seems screwy, no doubt due to seasonal adjustments or lies, but here's the kicker: "Factory orders dropped for a third month running in March as foreign demand weakened."

Trump's trade war with everyone and his reimposed Iran sanctions will add to European misery.
Source : www.themaven.net
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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