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Slowing World Trade Hit German Industry
Friday, 5 April 2019 10:39 WIB | GLOBAL |GlobalJerman

German industrial companies developed because of the demand for cars and machine tools in other countries, but the slowdown in world trade caused the German industry to take a hit.

Germany's federal statistics authority Destatis reported on Thursday (4/4) that industrial orders for February rose 4.2 percent month-on-month during February.

"The numbers of the new orders are currently really welcome," economist Carsten Brzeski said, and he registered, the figure which is a clue to the future, is increasingly taken into account.

"When compared with its peak at the end of 2017, orders declined to reach 10 percent," said analyst Dirk Schumacher from Natixis bank.

Last year the biggest economy in Europe slowed, and it was entirely technical causing Germany to be in the brink of a recession, causing economic depreciation during two consecutive negotiations.

Source : VOA

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