Wednesday, June 10, 2009

Chart Of The Day: German Industrial Output Vs Ifo Expectations

I do not bother about interpretation this time around, but the gap between "real hard" industrial production data and Ifo expectations is striking! Chart courtesy of BNP Paribas, Daily Economic Spotlight, 10 June 2009, click to enlarge.

Interestingly, how the gap will be closed?

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