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Allemagne : les commandes dans l’industrie en chute libre (Euro Intelligence)

vendredi 6 mars

January, Geman industrial orders were down 42% in January yoy, according a report in the FT, which said that these were first hard data to show the breathtaking plunge in the German economy continued at the start of this year. The data underlined a collapse in demand from emerging market economies, and some of Germany’s traditional export markets. Domestic orders were 31% per cent lower, foreign orders were down 47%. Month on month, January’s orders were 4.5 per cent lower than in December, on a seasonally-adjusted basis. That compared with double-digit contractions in months immediately after the collapse of Lehman Brothers.This may show that the economy is bottoming out, but this is probably due to some stabilistion of domestic demand.