German Economy Contracts in Q2 as Exports Fall

Germany’s gross domestic product contracted by a seasonally-adjusted 0.1 percent on quarter in the three months to June 2019, following a 0.4 percent expansion in the previous period and matching market expectations, a preliminary estimate showed. Net external demand contributed negatively to the GDP, mainly due to a slump in exports, while fixed capital formation in construction also declined.

China Industrial Output: Growth at Over 17-Year Low

China’s industrial production increased 4.8 percent year-on-year in July 2019, the weakest annual gain since February 2002 and below market consensus of 5.8 percent, on the back of