Economists upbeat despite weak reading on German November IP data

Economists are largely brushing off a weak reading on German industry, pointing to robust survey results to back up their case. German industrial production shrank by 1.4% month-on-month in October (consensus: 0.9%), according to the country's Ministry of Finance. Acting as a partial offset, September's 1.6% month-on-month drop was marked up to show a smaller decline of 0.9%, after a 2.6% surge in August. Manufacturing was the weak link in the chain, with factory output for October down by 2.0% ...

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