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this post was submitted on 05 Aug 2023
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Yeah, many signs are pointing down and I won't be surprised if we get a recession here. But until it's definitely there I will wait.
As for this indicator. Never heard of it, but there seem so many of those that I wouldn't trust them unconditionally. This one for example points up:
https://www.tagesschau.de/wirtschaft/unternehmen/industrie-auftragseingaenge-deutschland-staerkter-auftragsplus-seit-drei-jahren-100.html