German factory orders down -26.7% yoy

Discussion in 'Economics' started by ASusilovic, May 7, 2009.

  1. German manufacturing orders unexpectedly increased for the first time in seven months in March, adding to signs that the deepest economic slump since World War II may be bottoming out.

    Orders, adjusted for seasonal swings and inflation, rose 3.3 percent from February, the Economy Ministry in Berlin said today. Economists expected a 1 percent decline, the median of 27 forecasts in a Bloomberg survey showed. From a year earlier, orders plunged 26.7 percent in March.

    Only 26,7 % yoy. Nothing substantial...:D
  2. It's time for you to buy the Volkswagen CC. From a distance, people will believe you're driving a Mercedes. :cool: