Factory orders in Germany fell an unexpected 2.1 percent in October compared to the month before – analysts had predicted factory orders would continue to increase. As Europe’s largest economy and one of the world’s largest exporters, the news suggests that global economies still face challenges even as growth returns to the global economy.
“Today’s numbers are a good reminder that a recovery never follows a straight line. However, it should rather be a pause of the [upward] trend than a reversal,” said Carsten Brzeski at ING Financial Markets.
“This trend will pick up again in the coming months as there were recently several big ticket orders for infrastructure machinery from emerging countries.”
