Statistics from Germany did not meet expectations
Today has been published statistics on the volume of industrial orders in Germany, which declined by more than previously expected. Thus, orders fell by 0.7% in December, after rising 1.5% in November. Domestic orders fell by 2.5%, but the external rose by 0.6%. In the Eurozone, orders decreased by 6.9%. The risks to the economy are the slowing US economy and the risks associated with China. We look forward to growth of the German market against the backdrop of the expected stimulus from the ECB.
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