German Industrial Output Dips Again in July; Recession Worries Loom - Forex News by Strategia Forex
EUR/USD

German Industrial Output Dips Again in July; Recession Worries Loom

Posted Friday, September 6, 2019 by
Arslan Butt • 1 min read

According to data from the Statistics Office, Germany’s industrial output declined by 0.6% in July, increasing concerns about the health of the German as well as the Eurozone economy. Economists were expecting industrial output to grow by 0.3% for the month after a 1.1% decline seen in June.

Germany is Eurozone’s largest economy and manufacturing is one of the most important sectors that contributes to the German GDP. A recession in the industrial sector could potentially push the overall economy into a state of recession in Q3 2019.

Global trade tensions and Brexit uncertainties have been exerting significant downward pressure on German industries. The decline in industrial output was fueled by weaker demand from overseas.

Following the release of this news, EUR/USD is trading mostly unaffected so far, at around 1.104.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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