ZCZC
BCN-09
GERMANY-ECONOMY-INDUSTRY-INDICATOR
German industrial orders dip in November
FRANKFURT AM MAIN, Jan 8, 2018 (BSS/AFP) – Industrial orders in Germany
fell in November, data showed on Monday, but not enough to derail the growth
outlook for Europe’s biggest economy, analysts said.
Industrial orders fell by 0.4 percent in November from the preceding month,
the federal statistics office Destatis calculated in a statement.
Analysts had been expecting a bigger drop, following a 0.7-percent increase
in orders in October.
The economy ministry in Berlin attributed the dent to a drop in more
volatile larger orders, insisting that, overall, contracts had developed
“very dynamically in the second half of 2017.”
And that would “lay the foundation for a strong start to the year for
industry,” the ministry said in a statement.
Analysts agreed.
“The decrease comes after three consecutive increases and is more of a
technical nature than any sign of weakness,” said Carsten Brzeski, economist
at ING Diba bank.
“There is little reason to get concerned” about German industry, the expert
said.
BSS/AFP/MR/ 1355hrs