With a PMI of just 41.4, the bottom has fallen out of the German manufacturing sector. Germany was already heading for recession when the #ECB went negative on interest rates. Instead of stimulating the #economy, negative rates signal a lack of confidence in the economy and thereby discourage investment and spending. They make a recession more rather than less severe. The Eurozone is heading into very rough economic seas, and without the ECB able to throw out a lifeline. https://www.zerohedge.com/economics/collapse-germany-real-and-accelerating #news #trade #finance