German Economy Being Pulled Down by Periphery Countries

Europe’s strong economies continue being pulled down by the recessions in the periphery countries. On Tuesday, the United Kingdom reported that its manufacturing dropped 2.9 percent in June, the steepest decline since 2008. At the same time Germany, the continent’s number one economy, reported a greater-than-expected drop in industrial orders.

In June, incoming orders fell 1.7% in monthly adjusted terms, reversing . . .

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