{"id":129486,"date":"2024-04-08T07:35:37","date_gmt":"2024-04-08T04:35:37","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/weak-rise-in-german-factory-orders-points-to-continued-economic-slump\/"},"modified":"2024-04-08T07:35:37","modified_gmt":"2024-04-08T04:35:37","slug":"weak-rise-in-german-factory-orders-points-to-continued-economic-slump","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/weak-rise-in-german-factory-orders-points-to-continued-economic-slump\/","title":{"rendered":"Weak rise in German factory orders points to continued economic slump"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/129486\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nGermany\u2019s factory orders were up 0.2% in February, a monthly increase that fell short of experts\u2019 forecasts. A Reuters poll of analysts had estimated an increase of 0.8%, whilst Bloomberg had predicted a jump of 0.7%. According to Germany&#8217;s official statistics agency, this marginal uptick was driven by increased demand in the machinery and equipment sector (+10.7% on the previous month), and more orders within the chemical (+3.1%) and pharmaceutical (+6.6%) industries.<\/p>\n<p>February\u2019s growth figure comes after a dramatic monthly fall of -11.4% in January, although the mood in Germany is not yet celebratory. Ralph Solveen, a Commerzbank senior economist, told Reuters that factory order growth was brought into positive territory this month because of a slight increase in big orders. If these purchases are excluded, Solveen says results are down 0.8% on the month.<\/p>\n<p>Looking at quarterly differences, Germany\u2019s statistics agency said that if large-scale orders are excluded, new orders are down 2.0% in the period from December 2023 to February 2024, compared with the three months prior. If big orders are included, the quarterly gain came in at 2.8%. Inflation cools in Germany as interest rates hamper growth and hopes rise for a rate cut<\/p>\n<p>Although the rest of Europe is also stagnating under high interest rates, Germany is doing particularly badly. The country&#8217;s economy shrank by 0.3% in both the fourth quarter and over the whole of 2023, making it last year&#8217;s worst performing major economy on a global scale. Looking ahead, the country is expected to enter another technical recession in the first quarter of 2024. Elsewhere in Europe, France and Spain both recorded increases in industrial production on Friday. France recorded a 0.9% monthly rise, following a decrease of -1.5% in January, and Spain saw a 0.7% monthly increase, beating January\u2019s figure of 0.6%.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2024\/04\/05\/weak-rise-in-german-factory-orders-points-to-continued-economic-slump\">Euronews<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/weak-rise-in-german-factory-orders-points-to-continued-economic-slump\/\">Weak rise in German factory orders points to continued economic slump<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[555,1052,1038,4960],"class_list":["post-129486","post","type-post","status-publish","format-standard","hentry","category-news","tag-csr-news-en","tag-economy","tag-germany","tag-weak"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/129486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=129486"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/129486\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=129486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=129486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=129486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}