German Factory Orders Plunge as Recovery Still Fragile
30 Articles
30 Articles
The demands of the German manufacturing industry collapsed in August, signaling increasing pressure on industrial demand as the Middle East conflict continues to maintain high energy costs. Exclusive material for subscribers. To have full access, access the material link and register.
German factory orders plunge as recovery still fragile
New orders, a key indicator of future business activity, were down 10.6 percent from a month earlier due to a drop in large-scale domestic orders, according to provisional data from statistics agency Destatis. It was the first decline in four months and more than the one-percent decrease forecast by analysts surveyed by the financial data firm FactSet. The long-stagnant German economy has been slowly recovering on the back of massive public sp…
After strong months, new business in German industry collapsed surprisingly in August. The companies lack large orders.
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Industry in Germany recorded a significant decline in orders in August. What is behind the downturn?
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