Ouch! German factory orders sink, raising risk of recession. Demand fell 5.6% in Jul (YoY), 2.7% (MoM) exceeding the estimate for 1.4% decline. Manufacturing slump drags on as global trade tensions rise. https://t.co/hmxX8qsgVS pic.twitter.com/U4d9yeemYy

— Holger Zschaepitz (@Schuldensuehner) September 5, 2019