Industrial Order Backlog Rises to Record High
21 Articles
21 Articles
German industry has so many open orders since the beginning of this statistics. Orders rose to a record high in July – mainly due to the demand for aircraft, trains and military vehicles.
The order books of German industrial companies are as full as ever. Especially orders for aircraft, ships, trains and military vehicles provide a lot of extra business in the manufacturing industry.
Is the German industry not as bad as often assumed? The order books are at least full - and more so than ever before. Special drivers are state-owned armament investments. Another sector has to cope with less inquiries.
German industry has so many open orders as never before. Compared to the previous month, it was 1.5 percent more, mainly because of vehicle and mechanical engineering.
Economists raise their growth forecasts, the German industry draws new hope. Many orders for armaments and mechanical engineering drive growth, the car industry remains a child of worry.
The crisis-stricken industry can hope for an end to the weakness phase. In doing so, government spending on armaments is supported. But another key industry can also score.
Coverage Details
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
