Trade and industry data points to shrinking economy in Germany

More evidence of sliding German exports and industry orders yesterday compounded concerns that the euro-zone crisis may have battered the region's largest economy into contraction at the end of last year.

German imports and exports slid in November, narrowing the trade surplus, and industry orders fell more than expected.

Imports declined 3.7 per cent while exports fell 3.4 per cent, data from the Federal Statistics Office showed.

via Business feed http://www.scmp.com/business/economy/article/1123325/trade-and-industry-data-points-shrinking-economy-germany