German Industrial Production Tanking Hard….But The Coronavirus Is Contained!

In all likelihood, Germany’s industrial economy ended last year sinking and maybe too quickly. What was actually reported, however, exceeded every pessimistic guess and expectation – by a lot.

IP absolutely plummeted in the final month of 2019. Compared to the prior December, the index was down an alarming 6.7%. Minus seven doesn’t sound too until look below and realize that Germany’s worst month during the 2012 recession had meant -2.8% for IP. December’s updated figure is comparable to November…2008.