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Drop in German Industrial Orders and Retail Sales Raises Recession Concerns

share-iconWednesday, January 08 comment-icon2 weeks ago 8 views
News sources:
reutersREUTERS
Drop in German Industrial Orders and Retail Sales Raises Recession Concerns

Credited from: REUTERS

  • German industrial orders decreased by 5.4% in November, contrary to analyst expectations for no change, raising recession concerns.
  • Retail sales saw a 0.6% decline in real terms, defying hopes for increased consumer spending during the holiday season.
  • High inventories and weak order books are anticipated to negatively impact industrial production in the coming months.
  • October's surge in transport equipment orders was not replicated, with a significant drop of 58.4% in new orders for the sector.
  • Overall, the data indicates ongoing challenges in Germany's economy, suggesting a possible light winter recession ahead.

For more details, visit the original article at Reuters.


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