Germany – Economic Conditions are Sliding (CHARTS)
June 28, 2012 2:17 pm
Aside from the fact that Egan Jones downgrading Germany this week, there are internal problems with the German economy that building. Factory orders are plunging, confidence is dropping and it is clear that the EuroZone woes are becoming a real problem for Germany.
Notice the slope of factory orders over the past 12 months.
Confidence is waning.
Businesses are not happy either.