German VDMA Engineering Association December orders comes at -5% Y/Y
The December orders report from the German VDMA Engineering Association showing a -5% year-on-year decline indicates a significant contraction in demand within the engineering sector.
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German VDMA Engineering Association December orders comes at -5% Y/Y
EU HCOB Services PMI Final (Jan) 51.6 vs. Exp. 51.9 (Prev. 52.4)
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This unexpected drop may signal weakening industrial activity, which could have implications for economic growth forecasts in the Eurozone and influence the trajectory of ECB policy moving forward.
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