Germany: Manufacturing likely to decline 2.3% m/m in September - TDS

Analysts at TD Securities expect German manufacturing for September to decline 2.3% m/m decline against consensus of +0.1% m/m.

Key Quotes

“Underlying details of Tuesday's factory orders release showed weak activity in the manufacturing sector, likely on account of continued sharp declines in auto production that month (-12% m/m, on account of new regulations.”