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Index of Orders Received · 2009-02-05

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:

Orders Received in Manufacturing

Does not look like dooms day but still bad.

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