DEBT CRISIS WEIGHS: German industrial production slipped in June, and recent order figures show that production could be strained in coming months. Exports, which are key to the German economy, and imports also dipped.

DECLINING DEMAND: With several countries in the 17-nation eurozone in recession, concern is rising about the ability of Germany to sustain growth as demand from Europe weakens.

CREDIT STILL STRONG: Germany is one of the few eurozone countries that still has the top AAA rating from all three major credit rating agencies. Fitch Ratings and Standard & Poor's reaffirmed their ratings in the last few days, but Moody's has expressed concern over Germany's exposure to Europe's ongoing crisis.