Germany, orders grow (+1.5%) more than estimated (+0.3%), driven by transport and military equipment
A recovery is considered essential to overcome the weakness that has led to the contraction of gross domestic product in 2023 and 2024
Key points
German factory orders increased more than analysts' forecasts in October: in the month they grew by 1.5% on a monthly basis, against an average estimate of 0.3%. In September, the index was up a net 2%. The annual index remains negative: -0.7%.
Today's Bundestag vote on the pension reform package
A vote on the pension reform package proposed by the coalition supporting Chancellor Friedrich Merz's government between Cdu/Csu and Spd is expected in the Bundestag today. The result of the vote is expected to be announced after 1pm this afternoon. The package consists of three pieces of legislation, one of which remains controversial even within the ranks of the coalition.
In particular, the youngest wing of the Conservatives anticipated voting against, denouncing the unsustainable future costs, with an addition of 100 billion euros in pension costs. But even in this case, the reform should pass thanks to the decision of the La Sinistra party to abstain from the vote (abstentions do not count for the calculation of the simple majority required).
German factory orders increase by 87% in transport equipment
German factory orders rose sharply in October, reinforcing the outlook that Europe's largest economy will grow in the final quarter of the year.
The improvement was driven by large-scale orders - in particular an 87% increase in the transport category, which includesairplanes, ships, trains and military vehicles, said the statistics office.
