Economics

German Factory Slump Deepens Again as Recovery Seems Elusive

  • PMI unexpectedly drops, indicating deeper contraction
  • Disappointing report comes days after U.S.-China trade relief
WATCH: Christine Lagarde said her ambition is to be an "owl" when it comes to monetary policy. What does she mean?Source: Bloomberg
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Just when German factories appeared to be exiting a yearlong slump that battered the country’s economy, it worsened again.