Factory orders in Germany fell an unexpected 2.1 percent in October compared to the month before – analysts had predicted factory orders would continue to increase. As Europe’s largest economy and one of the world’s largest exporters, the news suggests that global economies still face challenges even as growth returns to the global economy.
“Today’s numbers are a good reminder that a recovery never follows a straight line. However, it should rather be a pause of the [upward] trend than a reversal,” said Carsten Brzeski at ING Financial Markets.
“This trend will pick up again in the coming months as there were recently several big ticket orders for infrastructure machinery from emerging countries.”
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012