German industry data predicts recession

The PMI index, examining the economic situation in the German industry, fell to 43.1 points, the lowest value for seven years. New export orders are the lowest in a decade.
“Germany's industrial condition has changed from bad to worse. The risk of a moderate technical recession is on the rise,” Phil Smith, chief economist at IHS Markit, a PMI research firm, said.
The low level of the Rhine is one of the main reasons for the slowdown in German industrial production. The river is the basic transport route, including for the automotive industry, but also for the power industry and the chemical industry.
(Business Insider)