German industrial orders unexpectedly rose by 8.9% in December, as reported by the federal statistics office. Italian construction PMI actual was 51.6, and German construction PMI actual was 36.3 in January 2024. French construction PMI actual was 39.6, Italian construction PMI actual was 51.6, and Eurozone construction PMI actual was 41.3. UK construction PMI actual was 48.8 in January 2024. However, German industrial production extended its slump to a seventh month, with a year-on-year actual of -3% and month-on-month actual of -1.6%. The downturn in German industrial production has led to concerns about the state of the economy, with industrial output falling across the board and German chemical production reaching a 28-year low. The ongoing recession in Germany has resulted in a write-off for the country's economy, with industrial production ending the year 2023 at some 10% below pre-pandemic levels.
the degrowthers won Germany's Industrial Production Falls For Seventh-Straight Month https://t.co/lobUKwCJ0O
Germany's economic woes deepen as industrial downturn persists for seventh consecutive month https://t.co/BJ19eR74pM https://t.co/Fc7RA9jr0V
German industrial output falls more than expected in December - Reuters https://t.co/oolfi7YryW
RECESSIONS The one in Germany continues > German Industrial Production underwhelmed with December reading down 1.6% m/m versus consensus for 0.4% drop and prior 0.2% fall revised from 0.7% drop originally reported. Data revised 10 out of the last 12 releases. Production now 10%… https://t.co/DlaNGjh8vs
CHART OF THE DAY: The end of the German industrial might. Industrial output fell across the board in Dec, with a sharp drop in the energy-intensive sector (red line). Annual data now shows that German chemical production plunged to a 28-year low. ICYMY: https://t.co/OonhEFiY2h https://t.co/HVgYFtkX5t
GERMANY: Industrial production plunged again, ending the year 2023 at some 10% below pre-pandemic levels boomerang effect still playing havoc with German economy. this year will be a write off for Germany economy. and I dont see how they are going to go back to where it was…
New month, same ugly result! - #Germany's industrial production fell again in December. - German production is 14% less than its peak reached more than seven(!) years ago! https://t.co/y3K1Ux5irH
Germany’s industrial downturn stretches into a 7th month https://t.co/i6ot9eIzrh via @WindSonja https://t.co/12BP7LLlrJ
German industrial output extended its slump to a seventh month in December, underlining the struggles gripping Europe’s largest economy https://t.co/V3HwvEB9Pi
Germany’s Industrial Downturn Stretches Into A Seventh Month - BBG https://t.co/oBLoMnBxD6
🔴 GERMAN INDUSTRIAL PRODUCTION YOY SA ACTUAL -3% (FORECAST -2.4%, PREVIOUS -4.87%) $MACRO
🔴 GERMAN INDUSTRIAL PRODUCTION MOM ACTUAL -1.6% (FORECAST -0.5%, PREVIOUS -0.7%) $MACRO
German industrial orders post surprise rise in December - Reuters https://t.co/5sGktSyx8R
🔴 UK CONSTRUCTION PMI JANUARY 2024 REPORT https://t.co/U9KU7L9HzY
🔴 UK CONSTRUCTION PMI ACTUAL 48.8 (FORECAST 47.2, PREVIOUS 46.8) $MACRO
🔴 ITALIAN CONSTRUCTION PMI JANUARY 2024 REPORT https://t.co/oVTle6JUrk
🔴 FRENCH CONSTRUCTION PMI JANUARY 2024 https://t.co/5S8aSgeScu
🔴 GERMAN CONSTRUCTION PMI JANUARY 2024 REPORT https://t.co/OO5wjf0ROb
FRENCH CONSTRUCTION PMI ACTUAL 39.6 (FORECAST -, PREVIOUS 42.6) ITALIAN CONSTRUCTION PMI ACTUAL 51.6 (FORECAST -, PREVIOUS 55.2) EUROZONE CONSTRUCTION PMI ACTUAL 41.3 (FORECAST -, PREVIOUS 43.6) GERMAN CONSTRUCTION PMI ACTUAL 36.3 (FORECAST -, PREVIOUS 37.0)
🔴 ITALIAN CONSTRUCTION PMI ACTUAL 51.6 (FORECAST -, PREVIOUS 55.2) $MACRO
🔴 GERMAN CONSTRUCTION PMI ACTUAL 36.3 (FORECAST -, PREVIOUS 37.0) $MACRO
German industrial orders rise unexpectedly in December https://t.co/U9fkFkrqwJ https://t.co/FivmEIUnzW
⚠️ GERMAN INDUSTRIAL ORDERS RISE UNEXPECTEDLY IN DECEMBER (Reuters) German industrial orders unexpectedly jumped in December, the federal statistics office said on Tuesday. Orders rose by 8.9% on the previous month on a seasonally and calendar adjusted basis. A Reuters poll of… https://t.co/xrBZSZpgBG