Orders from German industry are growing more than expected. In fact, in October, the seasonally adjusted index recorded a growth of 2,5% compared to September, largely exceeding the estimates, which I spoke of an increase of 0,5%. On an annual basis, however, the raw index showed an increase of 2,4%, against an unchanged estimate. The driving force behind the growth was above all domestic orders, which increased by 5,3% on the month.
However, dampening the enthusiasm for the German economy is the Bundesbank, which halved its GDP growth forecasts in 2015: according to the institute, in fact, the German gross domestic product will increase by only 1% in 2015, against the previous estimates at +2%. For 2014, GDP will grow by 1,4% instead of 1,9%.
