Story perspectives
Germany Faces Manufacturing Recession Amid Plummeting Orders
1/8/2025
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Story summary
- German factory orders dropped 5.4% in November, primarily due to a 58.4% decline in large transport equipment orders.
- This decline contrasts with the anticipated 0.2% increase, highlighting a recession in manufacturing.
- Retail sales unexpectedly fell by 0.6%, despite pre-Christmas promotions.
- Analysts foresee a mild winter recession, driven by weak order books and high inventories impacting future production.
