Feb 19 β€’ 11:10 UTC πŸ‡©πŸ‡ͺ Germany SZ

Signs of Recovery: The Industry Has as Many Orders as Last Seen in 2022

The German industrial sector experienced an increase in orders for the fifth consecutive month as of December, with order levels reaching their highest since October 2022.

Germany's industrial sector has shown signs of resurgence, with order levels improving for the fifth consecutive month in December. The volume of open orders rose by 1.2% compared to the previous month, according to data released by the Federal Statistical Office. This brings the order books to a level that has not been seen since October 2022, marking a significant recovery in the industry. In comparison to the same month last year, there was a notable increase of 7.0%. Furthermore, the backlog of orders is now projected to last 8.2 monthsβ€”its highest since the statistics began in 2015, indicating a healthy demand for production.

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