German Economic Weakness May Help the ECB

An employee attaches the three Adidas stripes to a leather soccer shoe at the company's factory in Scheinfeld, Germany. Photograph by Guenter Schiffmann/Bloomberg

Germany has had a triple dose of bad economic news in the last two days. Industrial production tumbled 0.9 percent in June from May, slightly more than expected. Factory orders dropped 1.7 percent in June from a month earlier, twice as much as the consensus forecast. And June exports fell 1.5 percent in May, more than the expected 1.3 percent.

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