America Sees Improvements in Germany


Unlike the German economy, Chancellor Angela Merkel is not in great shape following a cross-country skiing accident. She chaired the first cabinet meeting of the year, as data showed German industrial orders rose more than expected in November, boosted by demand from abroad. Exports also rose for the fourth month in a row in November, and imports dropped sharply. That's pushed the trade surplus higher. The figures were released as U.S. Treasury Secretary Jack Lew visited Germany.