- German economy is treading water
- Strong collapse in expectations in industry is striking
- Industry export expectations have fallen markedly
- Rate hikes have appeared to dampen demand
As evident from the PMI data, the manufacturing sector - which Germany relies mostly upon - is facing a notable downturn with the saving grace for the economy being a more upbeat services sector. But with tighter financial conditions and still high inflation, the outlook remains rather daunting for now.
