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German industrial orders spike in January
Concerns due to virus fallout
06 March, 14:16
(ANSA-AFP) - BERLIN, MARCH 06 - Germany saw a jump in
industrial orders in January, before the impact of the novel
coronavirus began to hit the world economy, data released on
Friday showed.
After a slow end to 2019, orders rose 5.5 per cent
month-on-month in January, federal statistics office Destatis
said in seasonally-adjusted figures. The figure was well above
predictions made by analysts, who were expecting an increase of
1.2 percent after a 2.1 decline in December.
The Federation of German Industries (BDI) warned on Thursday
that German manufacturers could be facing their longest
recession since 1990, due to the impact of the coronavirus and
months of trade disputes between the US and China. (ANSA-AFP).
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