German Economic Upswing Continues
Manufacturing orders rose an additional 2.8% in April, after rising a slightly upwardly revised 5.1% in March.
It is highly unlikely that this pace of increase will continue, and since this is a particularly cyclical sector, the general upswing will be a lot lower, but clearly the German recovery has been stronger than generally thought, something which bodes well for the rest of Europe as well.
It is highly unlikely that this pace of increase will continue, and since this is a particularly cyclical sector, the general upswing will be a lot lower, but clearly the German recovery has been stronger than generally thought, something which bodes well for the rest of Europe as well.
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