The Trader 

Market Outlook: German December dire

The Trader

After weak January services purchasing managers survey data yesterday (both France and Italy’s readings were below 50), this morning we see that German factory orders fell 1.6 per cent in the month of December taking the annualised decline to 7.0 per cent. This is the second biggest fall in the last 9 years and comes as another blow following awful retail sales over Christmas.

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