Germany Is Pulling Off Another Economic Miracle

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Thursday, December 6, 2012 Germany Is Pulling Off Another Economic Miracle Yesterday we mentioned that Germany might be in the midst of pulling off another economic miracle. The miracle is this: Every time it looks as though Germany might succumb to the recession being experienced by its neighbors, somehow Germany holds on. And this seems to be happening again. Germany's PMI numbers were strong, and thanks to the rebound in global trade (which is being everywhere from Korea to China to Brazil) Germany stands to benefit from the fact that it's an export powerhouse. And... bingo. From Bloomberg on today's German factory orders, which beat big. Orders, adjusted for seasonal swings and inflation, jumped 3.9 percent from September, the Economy Ministry in Berlin said today. It revised September’s drop to 2.4 percent from 3.3 percent. The increase in October is the biggest since January 2011 and exceeds the median forecast for a 1 percent gain in a Bloomberg News survey of 42 economists. From a year earlier, orders fell 2.4 percent when adjusted for work day. Here's a chart that shows the comeback. Truly remarkable. Read » Also On Money Game Today: Top JPMorgan Strategist Kitano Thinks JPMorgan's Official Jobs Forecast Is Way Too Bullish STOCKS RISE: Here's What You Need To Know Advertisement CHART OF THE DAY: The Drivers Of Stock Market Returns Since 1940 CHART OF THE DAY: The Average Person Is Absolutely Horrible At Investing CHART OF THE DAY: Italy's Prime Minister Has A Freakishly Specific Target For His Country's Borrowing Costs Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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