Investors hoping for the German "economic locomotive" to bounce back quickly from its factory woes "will have to wait a bit longer", according to TS Lombard managing director Shweta Singh. She pointed out that forward-looking indicators for German manufacturers "point to continued weakness in the coming months". Ms Singh also argued that an overhang of stock built up in its factories will weigh on production. Business survey data has indicated that companies are holding the most stock since the eurozone debt crisis.
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