German Industrial Data: Tom Essaye Quoted in Barron’s
German Industrial Production Data Disappoints – Tom Essaye Quoted in Barron’s
Frankfurt Weighs on Europe Trading as German Industrial Data Disappoint
Germany’s industrial production figures disappointed Thursday, weighing on Frankfurt-traded stocks in a mixed day for European trading.
German industrial production fell 0.8% month over month in July, data out Thursday revealed. Missing economists’ expectations of just a 0.35% decline but marking a moderation from a 1.4% slide in June.
“German industrial production missed estimates as global recession fears crept higher,” noted Tom Essaye, the founder of Sevens Report Research.
Also, click here to view the full Barron’s article published on September 7th, 2023. However, to see Tom’s full comments on global economic data sign up here.
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