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Experts see mixed signals in German industry: new orders are stagnating, while exports rose sharply in November.
According to a report from www.tagesschau.de, mixed signals are coming from German industry: While new orders have recently stagnated, exports rose in November at their fastest rate in over a year and a half. Orders rose by 0.3 percent compared to the previous month; in October there was a slump of 3.8 percent. The development of industrial orders in Germany showed a slight recovery in November, although this was weaker than analysts expected. This development suggests that the German economy is facing major challenges. In particular, weak foreign demand, especially from the euro area, continues to put a strain on the industrial economy. German exports...
Experts see mixed signals in German industry: new orders are stagnating, while exports rose sharply in November.
According to a report by www.tagesschau.de,
Mixed signals are coming from German industry: While new orders have recently stagnated, exports rose more strongly in November than they have in over a year and a half. Orders rose by 0.3 percent compared to the previous month; in October there was a slump of 3.8 percent.
The development of industrial orders in Germany showed a slight recovery in November, although this was weaker than analysts expected. This development suggests that the German economy is facing major challenges. In particular, weak foreign demand, especially from the euro area, continues to put a strain on the industrial economy.
German industrial exports rose by 3.7 percent in November compared to the previous month, the biggest increase since February 2022. Despite the strong increase, experts show little optimism for the new year as the barometer for export expectations fell in December.
These developments indicate that German industry is facing major challenges. The gloomy outlook for the German economy, the weak global economic environment and the unfavorable investment conditions will continue to impact industry. Both domestic demand and exports show mixed signals, pointing to an uncertain economic future.
Read the source article at www.tagesschau.de