Germany’s VDA out with the monthly numbers and not good reading
- Registrations -2% vs +4% in Oct y/y
- German reg -2% vs +2% prior
- Foreign reg 0% vs 9% prior
- Exports -8% vs +3% prior
- Production -5% vs 4% prior
I wonder if there’s a stockpile of Mercs that would have been heading to Russia
German car production 02 12 2014
Another knock for the German economy, though better than in August when exports and production fell 30%, though mainly due to an unusual plant shutdown period for the holidays.