• German economy has bottomed out
• A slight growth in GDP is expected in Q2
• German industry continues to largely weather decline in demand

It’s all about expectations. So, even if economic activity has been brighter in April and May, things seem to be running into the ground in June and that does not bode well for the outlook for Q3. I wouldn’t call a bottom just yet.

This article was written by Justin Low at www.forexlive.com.