Germany Recovers From the Impact of Coronavirus

Germany Recovers From the Impact of Coronavirus Germany recovers from the Impact of the coronavirus. According to shared economic indicators, Germany experienced an economic recovery in October that exceeded the expectations of economists. The main economic indicators announced show that the German economy experienced a recovery in October that was above expectations. Germany's factory orders rose by 2.9 percent in October, almost doubling the expectations, and rose 1.8 percent year-on-year, over expectations by nine times. According to the survey prepared by Bloomberg, economists expected factory orders to increase by 1.5 percent on a monthly basis and to increase by 0.2 percent on an annual basis. October retail sales increased by 2.6 percent compared to the previous month, doubling expectations. On an annual basis, it experienced an increase of 8.2 percent. Economists surveyed by Bloomberg's estimates for retail sales, on average, were for an increase of 1.2 percent on a monthly basis, compared to an annual increase of 5.8 percent. Compared to 2019, the companies that increased their sales the most were the companies that made sales over the internet and mail. These companies, which increased their sales by 29.8 percent in real terms compared to the previous year, increased their sales by 31.1 percent on a nominal basis. Manufacturing purchasing managers index (PMI) in Germany was recorded as 58.2 for the month in question. These data came in line with expectations. Manufacturing PMI, reported as 57.8 in November, was in line with the economists' estimates in both months.