Weak construction, car industry woes push down German industrial output zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
8 Min Read
BERLIN (Reuters) - German industrial robot-maker Hahn Automation plans to invest millions of euros in new factories in China over the next three years, keen to capitalise on an economy that’s rebounding more rapidly than others from the COVID-19 crisis.
An employee works on a production line at HAHN Automation company in Rheinboellen, Germany November 11, 2020. REUTERS/Ralph Orlowski
“If we want to grow with the Chinese market, we have to manufacture on the ground,” Chief Executive Frank Konrad said of the investment drive, intended to skirt Chinese export hurdles in what Beijing views as a strategic sector.
THE EU could soon come under extreme strain as the German economy has started feeling the effects of Brexit and coronavirus, German MEP Gunnar Beck suggested in an exclusive interview with Express.co.uk.
Revealed: How Swiss households spend their money thelocal.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thelocal.ch Daily Mail and Mail on Sunday newspapers.
3/5/2021 7:05:28 AM GMT | By Dhwani Mehta
German Factory Orders rose sharply by 1.4% MoM in January.
On a yearly basis, Germany’s Factory Orders arrived at 2.5% in January.
EUR/USD remains unfazed by mixed German Factory data.
The German Factory Orders increased more-than-expected in January, suggesting that the manufacturing sector in Europe’s economic powerhouse kicked off 2021 on a positive footing.
Contracts for goods ‘Made in Germany’ arrived at +1.4% on the month vs. 0.7% expected and -2.2% last, the latest data published by the Federal Statistics Office showed on Friday.
On an annualized basis, Germany’s Industrial Orders rose by 2.5% in the reported month vs. 6.1% previous and 6.4% expectations.