German VDMA Engineering Association December orders comes at -5% Y/Y
Newsquawk Staff ·
German VDMA Engineering Association December orders comes at -5% Y/Y.
What it means
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. 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.
Sources
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- BMW (BMW GY) sees FY automotive EBIT margin at -0.5% to 0.5% (prev. 1-3%) and automotive ROCE guidance to -1% to 1%, due to an expansion of portfolio and structural measures
- US BROKER MOVES: BE upgraded at Barclays; MRVL downgraded at TD Cowen
- Germany's HDE Lobby Group sees 2026 German Retail Sales +2% in nominal terms, +1% in real terms
- German Saxony (Oct) Y/Y 2.8% (prev. 3.4%); M/M -0.2% (prev. 0.6%)
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