Arab Today, arab today german factory orders slump in november
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

German factory orders slump in November

Arab Today, arab today

Arab Today, arab today German factory orders slump in November

German factory
Frankfurt - AFP

German industrial orders, a key measure of demand for German-made goods both at home and abroad, fell unexpectedly in November, data showed on Thursday, but analysts insisted the uptrend remains intact.
Industrial orders dropped by 2.4 percent in November compared with the previous month, the economy ministry said in a statement.
In October, German factory orders had risen by 2.9 percent.
Domestic orders slumped by 4.7 percent and export orders slipped by 0.7 percent compared with the previous month.
Orders from the eurozone rose by 2.7 percent while those from outside the eurozone were down by 2.6 percent, the ministry calculated.
By sector, orders for semi-finished goods fell by 2.3 percent and those for capital goods slumped by 3.1 percent, while demand for consumer goods rose by 2.6 percent.
Analysts said the surprisingly steep drop in the headline number was no cause for outright concern.
"It was the first decline after two consecutive and strong increases. Hence, there is no need for being disappointed," said UniCredit economist Andreas Rees.
"We have to be a bit more patient. In terms of business sentiment, there is more and more evidence that German companies already turned the corner. However, hard data typically lag behind such leading indicators. While economic momentum should have remained subdued at year-end 2014, an acceleration in the first quarter of 2015 is in the pipeline," Rees said.
Commerzbank economist Marco Wagner agreed, noting that the strong increase in orders the previous month had been distorted upward by big-ticket orders for vehicles and aircraft.
"In all, orders in October and November were around 0.5 percent higher than in the third quarter, a positive signal suggesting that the German industry has overcome its soft patch," Wagner said.
BayernLB economist Stefan Kipar said the weaker euro and falling oil prices "should provide a boost to the global economy in 2015. And the internationally competitive German industry should benefit from that."
Natixis economist Johannes Gareis was confident that the German economy would not "fall back into recession in the fourth quarter."
Berenberg Bank economist Christian Schulz calculated that factory orders "remained on a moderate uptrend in the fourth quarter, despite the sharp drop in November."
The data "add to the upside risk to our fourth-quarter forecast for German growth," he said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german factory orders slump in november Arab Today, arab today german factory orders slump in november

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german factory orders slump in november Arab Today, arab today german factory orders slump in november

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday