Unexpected result on part of the German economy. In September Orders to factories The manufacturing sector grew. 4.2 percent compared to August. This is not only one of the first recent positive figures for the European locomotive industry, but also a figure that has exceeded all analysts’ expectations.
In fact, factory orders were expected to increase by 1.6 percent compared to August, according to estimates. The result is nearly threefold, with an unexpected increase after the August crash. German economy remains in trouble but the results could be the first signs of recovery for a country that is also fundamental to Italy.
Positive data from Germany
German factory orders rose in September. 4.2%. This is a completely unexpected result even by the most optimistic estimates, which saw an increase in this figure, but only 1.6%. The main contributor to this unexpected growth in September was higher overall foreign orders, which rose 4.4 percent, while the domestic market remained below average, stalling at 3.6 percent.
Large orders also rose significantly, up 2.2%, but volatility remains. The month of August It was particularly bad for German companies, with orders falling 5.4 percent, the sharpest since the start of the year. However, this increase has now reached the highest level since June.
Germany has been struggling to recover from the pandemic for years. COVID-19, But above all, the upheaval caused by the war in Ukraine to its industrial system. The end of low-cost Russian gas imports and the closure of Asian markets for some of its products, combined with a severe crisis in the automotive sector, have plunged the country into recession.
Germany to hit rock bottom in 2024: ready for recovery
However, the figures for orders to German factories are very positive and indicate that the crisis may be over. According to Ministry of Economy In fact, the German GDP trend may reach its minimum before the end of 2024, thus preparing for a significant Return in 2025.
After a sharp decline in GDP in the second quarter, Germany managed to recover. A little during the summer months. However, it is hard to imagine that it will end the year on a positive note, with the country recording its second negative figure in two years. A situation that is also punishing severely. Italy.
Our country has a major trading partner in Germany. For both exports and imports, the health of the German economy is directly linked to the performance of the Italian economy. Therefore, recovery beyond the Alps can lead our country in this direction as well. High growth rategiven the disappointing results of GDP in the third quarter, which remained stagnant, making it almost impossible to increase the wealth generated by Italy by 1% in 2024.
