Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

German industry ends 2018 in contraction mode – ABN AMRO

FXstreet.com Tuesday, 8 January 2019
Aline Schuiling, analyst at ABN AMRO, points out that orders for Germany’s manufacturing companies contracted by 1% mom in November, following a modest 0.2% rise in October.

*Key Quotes *

“The orders data can be volatile on a monthly basis, and part of the drop in November might be related to the strikes and protests in France, as foreign orders from other eurozone countries were particularly week in November. Still, the drop in orders seems to reflect ongoing weakness in the global manufacturing sector and world trade.”

“The manufacturing PMI as well as the Ifo business climate indicator for the manufacturing sector declined in November and in December, while the details of each of the two reports showed that the weakness was concentrated in export orders and the expectations about exports growth.”

“We expect overall industrial production in Germany to have contracted in Q4.”
0
shares
ShareTweetSavePostSend
 

You Might Like


Tweets about this


Other recent news in Markets

9 Key Takeaways From WARREN BUFFETT’s Annual Letter to Berkshire Hathaway ShareholdersALL EYES ON JUPITER AS MORE INVESTORS SHORT STOCK
3 SMALL VALUE STOCKS WITH BIG YIELDS2 DEFENSIVE STOCKS TO BUY FOR DIVIDEND GROWTH AND STABILITY
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest