Germany, strong jump in industrial orders in December

Germany December IFO index drops to 864 points

(Finance) – They are increasing again, and surprisinglyorders to industry in Germany in December 2023.

According to theNational Statistics Office Destatisthere was an increase in orders of 8.9% on a monthly basis, while the consensus was for a descent by 0.1%, after the zero change in the previous month (data revised from +0.3%).

Compared to the same month of the previous year, orders increased by 2.7% against the previous -4.7%.

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