Germany – Orders give hope

Good news from German industry: After business sentiment had improved in recent months, the "hard" data now also seem to be turning upwards. For example, new orders rose by 4.4% in September compared to the previous month. This is partly due to a larger number of big ticket orders, which partially offset their slump in the previous month. But core orders excluding big ticket orders, the latter usually only affect production with a considerable delay and over a longer period of time, also increased very strongly by 5.1%. In particular, orders in the automotive sector, which had previously fallen significantly, increased noticeably. A particularly large order was probably also responsible for the significant increase for mechanical engineering.

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