by Maria Martinez
(Reuters) – German industrial orders rose unexpectedly in December, according to data released on Tuesday by the Federal Statistical Office.
Orders increased by 8.9% over one month, seasonally adjusted. Economists polled by Reuters expected industrial orders to remain stable.
The quarterly comparison, less volatile, shows that new orders between October and December 2023 increased by 0.1% compared to the previous quarter.
Weak demand in the manufacturing industry is increasingly weighing on the German economy, the Ifo institute said on Monday.
According to Ifo surveys, 36.9% of manufacturing companies reported a shortage of orders in January, compared to 36.0% in October. This proportion did not exceed 20.9% the previous year.
For the full year 2023, adjusted industrial orders decreased 5.9% from the previous year.
(Report by Maria Martinez and Mateusz Dobrzyniewski, by Dagmarah Mackos, edited by Blandine Hénault)
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