German industry output now 17.5 percent below end-2017, Daniel Kral notes

German industry output now 17.5 percent below end-2017, Daniel Kral notes
German industry output sees further decline

Daniel Kral, industry influencer, highlights a continued decline in German industrial output for March. Despite strong orders and improving purchasing managers' indexes, Kral observes that output is now 17.5 percent lower than at end-2017. He suggests that waiting for a turnaround in hard data is proving elusive.

Earlier this year, Daniel Kral noted that Germany’s industrial production had likely bottomed, with leading indicators suggesting a potential recovery in a prior analysis. He has also tracked developments in the European Central Bank’s balance sheet, including the largest Italian debt roll-off in recent coverage. His observations continue to monitor shifts in key European economic data.

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