For Germany, Light At End Of Tunnel Still Just A Faint Glimmer

For Germany, Light At End Of Tunnel Still Just A Faint Glimmer

There's tentative talk of a light at the end of the tunnel for Germany (and for the European economy more generally). On Wednesday, data showed German factory orders posted a much better than expected 1.3% increase in September from the previous month. Consensus was looking for a meager 0.1% MoM rise. Germany's economic ministry gingerly suggested we could be seeing "a bottoming out of orders". Germany is, of course, mired in a deep manufacturing downturn, and calls for the abandonment (at
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