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.

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