German Industrial Output Grows Most In 5 Months

This is source I found from another site, main source you can find in last paragraph

German factory orders dropped in November on a sequential basis. New orders fell 0.4 percent month-on-month. Most economists had projected stagnation in the month. Stripping the very volatile big ticket orders, order intake indicated a solid rise of 1.8 percent. This signifies that the trend in incoming orders continues to indicate a clear upward trend. This implies that industrial production in Germany will grow in months ahead, noted Commerzbank in a research report.

This is expected to have risen considerably in November alone, which is seen in the 46 percent rise in turnover in November as compared to October. The positive scenario of new orders is accompanies by other optimistic leading indicators such as the Ifo Business climate index, which at present is at the highest levels since reunification. This is barely surprising given the ECB’s continued extremely loose monetary policy and the dynamics of the global economy. The PMI indices in the euro area, the U.S. and China are at high levels.

“This generally very positive environment is likely to spur the German economy, which is why we expect GDP to expand by 2.5 percent in 2018”, added Commerzbank.

At 13:00 GMT the FxWirePro's Hourly Strength Index of Euro was highly bearish at -160.236, while the FxWirePro's Hourly Strength Index of US Dollar was bullish at 75.8625. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

>

EconoTimes 中文版 经客时代已上线

深入了解中国动向

开始阅读 >

Econotimes China Edition

GET INSIGHTS IN CHINESE

READ NOW >

Editor's Picks

>

Meat Eaters Should Be Taxed Like Smokers, Experts Say

>Why your doctor may not be able to help you lose weight

>

The US election hack, fake news, data theft: the cyber security lessons from 2017

>

Celebrities Hype Up Cryptocurrency And Market Scams Proliferate

>

List Of Worst Passwords In 2017 Includes ‘Starwars’ And ‘Password’

>

Facebook Admitted That Facebook Was Bad For People, Really

>

FCC Votes To Kill Net Neutrality, What Now?

This is source I found from another site, main source you can find in last paragraph

Source : https://www.econotimes.com/German-factory-orders-fall-sequentially-in-November-industrial-output-to-grow-in-months-ahead-1085725

commonwealth

acting

German factory orders fall sequentially in November, industrial output to grow in months ahead
German Industrial Output, Exports Recover In November
German industrial output rebounds in November
German Industrial Production Declines Unexpectedly In October
German Industry Output Rebounds on Strong Investment Demand
German Factory Orders Fall For First Time In 4 Months
Industry gives Brexit-bound UK economy a shot in the arm
UPDATE 3-Mexico industry output grows at fastest pace in 9 months
European Shares Inch Higher In Cautious Trade
UK industrial output grows strongly