German orders increased but are still on a downtrend – Commerzbank – by hareshmenghani Germany Manufacturing EconomicIndicator Recession Banks
“The trend in orders continues to point downwards despite the increase in October. This is also supported by the results of the Ifo survey, in which companies revised their assessment of the demand trend downwards until recently. Obviously, the noticeable interest rate increases by many central banks are increasingly dampening demand for German industrial products.”
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