By Ed FranklGerman manufacturing orders jumped unexpectedly in December, driven by bumper aircraft purchases, although excluding larger orders they still fell, reflecting a difficult environment for the sector. However, the intake was swayed by large-scale orders, in particular of aircraft, likely swelled by Airbus orders, according to Destatis. For aircraft, ships and trains, incoming orders were more than twice as high in December as November. However, in the country's key car industry, orders fell 15%, while they also dipped in mechanical engineering and in the chemical industry, according to the data. Excluding major purchases, orders fell by 2.2% on month.

Source: Wall Street Journal February 06, 2024 23:13 UTC