After an exceptional increase in July (1.9% MoM) German industrial activity will likely fall sharply in August. We expect a decline of 1.5% MoM, pushing down the annual growth rate to -0.5% YoY from +2.4%. Data provided by the Association of the Automotive Industry (VDA) also showed that the…

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Europe Week Ahead: BoE, UK IP, German IP, French IP, Italian IP, Spanish IP
