Today Germany's index of orders recieved in manufacturing for december 2008 has been published. The value is 94.0 which is not very interesting but over time we see a steep decline coming right out of something like a boom. Looks wicked. But how will it go on?
To see what might come I fitted the monthly data, starting from January 2000, and then predicted the next 12 month. Here is the result:
Does not look like dooms day but still bad.
Commenting is closed for this article.