German factories see economic recovery picking up as orders rise
by Bloomberg Aug 05, 2021
German factory orders rose in June, bolstering the recovery in Europe’s largest economy as an easing of pandemic restrictions supported business activity across sectors.
Demand increased 4.1%, beating the median estimate in a Bloomberg survey. The gain was driven by domestic orders, with investment goods up 14.8%.
The report suggests economic momentum will pick up in the coming months, even as supply bottlenecks are straining manufacturers. Rapid recoveries around the world have led to a shortage a raw materials and other inputs as well as slower delivery times.
While carmakers including Volkswagen AG expect logjams to ease, it’s likely to take time. German business confidence unexpectedly slipped in July, signaling concern that supply disruptions and resurgent infections could derail the recovery, a separate report showed last week.
The Bundesbank has said the German economy is on the verge of regaining the ground lost during the pandemic. Industrial production probably increased 0.5% in June, according to a survey before data on Friday.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
December 2024 U.S. Transportation Sector Unemployment (4.3%) Was the Same As the December 2023 Level (4.3%) And Above the Pre-Pandemic December 2019 Level (2.8%)
View ArticleDP World appoints Jason Haith as Vice President of Freight Forwarding for U.S. and Mexico
DP World, a global leader in logistics and supply chain solutions, has announced the appointment of Jason Haith as Vice President, Commercial Freight Forwarding – U.S. and Mexico, effective immediately.…
View Article
Amaero secures final approval for $23.5M loan from Export-Import Bank
View ArticleU.S. Bureau of Labor Statistics employment situation
Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in…
View ArticleImport Cargo to remain elevated in January
A potential strike at East Coast and Gulf Coast ports has been avoided with the announcement of a tentative labor agreement, but the nation’s major container ports have already seen…
View ArticleS&P Global: 2025 U.S. transportation infrastructure sector should see generally steady demand and growth
S&P Global Ratings today said it expects activity in the U.S. transportation sector will continue to normalize in 2025, with growth rates for most modes of transportation slowing to levels…
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
