German Industry Surprises with Strong Order Growth in September
In a surprising turn, Germany’s industrial sector saw orders rise 4.2% in September compared to the previous month, marking the strongest increase since June. This growth, driven primarily by a 4.4% uptick in foreign orders, signals a potential stabilization in the struggling industry. Despite a substantial decline in August, recent statistics show optimism among businesses, with the Ifo business climate index rising to 86.5. Economists indicate that this upturn, amid rising demand, could hint at a turnaround in industrial conditions as the year comes to a close.