Germany over the last few day has produced some fairly weak and disappointing economic numbers. It's month over month factory order numbers showed a decline of -2.4% and when charted shows a steady decline from the summer top.
This certainly sets-up worries of a second dip here and tell us that the economy in the Euro zone are perhaps not as strong as originally thought.
Last night, or for us east-coast Americans at 6:00 am NYSE time, the German industrial production month over month numbers came out confirming yesterday's weak factory orders. The expected number was already a weaker number with a predicted expansion of only 1% in factory production. The number came in not has an expansionary number but contraction, a cold -1.8%.
Germany and France were the first to declare to be out of the recession, now the question is are they falling back in or is this just a stutter during the recovery with America now pulling up the rear and we will all lift here soon? We need to watch our own numbers
One thing it does mean, no interest rates hikes in Europe yet and if America does continue its recovery it will do so with a stronger dollar. Stronger dollar equals lower oil, gold, stocks.. at least in the short term until the shackles of co-dependence are broken.
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