Ailing industry catches its breath
The driving factor was primarily automotive industry. They joined him manufacturers of metal products and other transport equipment.
German factory orders rise for first time this year / Bloomberg
June reading economic data can bring some relief to those who have been experiencing problems for a long timethe manufacturing sector of Germany. Especially since this information appeared a week after the publication of information about negative GDP in the second quarter. This was also accompanied by decline in business sentiment.
Waiting for the economy to recover
The Bundesbank warned in its July report that “temporary hopes for an imminent revival of industrial activity were clearly muted after the May data were released.” Nevertheless, he predicted slightly stronger economic activity in the third quarter.
Salaries up, consumers on the go shopping
Services they are doing better than the producers, and historic wage increases at the beginning of the year, they improve consumer sentiment. However, wage increases they slow down, and inflation remains at a rigid level.
Further problems for the government coalition
Economic problems cause a serious headache in coalition government. Especially sincehis term was dominated by economic stagnation or decline in production. Finance Minister Christian Lindner suggested last week that more might be necessary fiscal tighteningdespite the recent hard-fought compromise on the budget.
