Bernstein sees TI’s likely price hike benefiting Infineon, Renesas stock
Investing.com -- Industrial orders in Germany saw a 7% drop in January compared to the previous month, according to data released by the federal statistics office on Friday.
This decrease comes after December’s unexpected surge in demand for aircraft, ships, trains, and military vehicles resulted in a significant increase in orders.
Analysts surveyed in a poll had anticipated a smaller decline of 2.8%.
In related news, the parties aiming to establish Germany’s next government this week have agreed to revise state borrowing rules.
This change is intended to increase defense spending and set aside 500 billion euros ($541 billion) for infrastructure investments over the next decade.
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