Latest data released by Markit/BME - 14 December 2018
The misses here aren't as heavy as the ones observed in the French reading but they're not that encouraging either. All the prints are lower relative to November's readings and that only adds further backing for the ECB to shift their rhetoric and possibly lower the growth outlook even more next year.
Looking at the details, Markit says that there is no immediate threat of a recession for the German economy but the outlook remains gloomy and notes that the risk of a recession has increased. They still forecast the German economy to grow by 0.2% in Q4.
