German new industrial orders down

Yesterday I posted on the state of the Finnish economy. I mentioned that the economic debate in Finland is very much centered on the need of export-competitiveness. In this light the news that new German industrial orders are down, especially from other Euro-countries must also be seen as bad news for the Finnish economy (and the Eurozone as a whole). The decline is apparently especially acute for investment goods, which are generally used to make the end-products.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s