Germany Manufacturing Orders Rose Slightly in November
08 January 2024 - 6:49PM
Dow Jones News
By Joshua Kirby
German manufacturing orders recovered a little in November, some
bright news for the country's industrial sector at the end of a
difficult year.
Orders were 0.3% higher than the previous month, German
statistics office Destatis said Monday, though this was less than
the 1.0% rise forecast by economists polled by The Wall Street
Journal. It reverses some of the losses in orders booked the
previous month, when they fell by 3.8%, according to revised
figures.
Excluding large-scale orders, the total declined by 0.6% in
November. Domestic orders boosted growth, rising 1.4% on month, but
foreign orders fell by 0.4%, notably from the eurozone, Destatis
said.
Compared with a year earlier, orders remained 4.4% lower,
highlighting the continued sluggishness of industry in the
eurozone's most important economy.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
January 08, 2024 02:34 ET (07:34 GMT)
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