16:27 - 5.11.2026

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November 5, Fineko/abcnews. German factory orders rebounded with a 4.4% monthly increase (matching market expectations of 4.5%), signaling resilience in Europe's largest economy. Orders grew 3.3% year-on-year, while third-quarter GDP expanded by 0.2%.

Despite the broader economic recovery, structural challenges persist in the automotive sector. Major industrial supplier Schaeffler announced plans to close five European plants—four of them in Germany—and lay off approximately 3,500 employees amid mounting cost pressures and global competition.