Tags: EU | Germany | Economy

German Factory Orders Decline again in August

Monday, 07 October 2019 02:38 AM EDT

BERLIN (AP) — German factory orders, an important indicator for Europe's biggest economy, dropped for the second consecutive month in August — led by lower demand from domestic customers.

The Economy Ministry said Monday that orders were 0.6% lower compared with the previous month. That followed a 2.1% decline in July.

There was a 2.6% drop in orders from inside Germany, while demand from foreign customers improved. Orders from other countries in the eurozone rose 1.5% and those from elsewhere were up 0.4%.

German industrial data have been largely disappointing for months. The economy contracted slightly in the second quarter and is widely believed to have shrunk further in the just-concluded third quarter, which would put it in a technical recession.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
German factory orders, an important indicator for Europe's biggest economy, dropped for the second consecutive month in August - led by lower demand from domestic customers.The Economy Ministry said Monday that orders were 0.6% lower compared with the previous month. That...
EU,Germany,Economy
119
2019-38-07
Monday, 07 October 2019 02:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved