German Machinery Orders Rebound in November
German machinery orders recovered in November, with total orders up 5% year over year, after falling -10% in the previous month. Domestic orders rebounded 3%, while foreign orders growth accelerated to 5%, although the less volatile three-month trend rate is showing a slightly different picture, with total orders still down -2%, a marginal improvement form the -3% in three months to October. Domestic orders though have recovered remarkably, with the trend rate now back at 2%, versus -6% in the three months to October and -12% in the three months to September.
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