German factory orders fell 5.8% in August, exceeding expectations, with domestic orders down 10.9%.
German factory orders fell by 5.8% in August, the largest decline since January, following two months of growth. This drop exceeded expectations of a 1.9% decrease. While orders from outside Europe rose by 3.4%, overall foreign orders declined by 2.2%, and domestic orders fell by 10.9%. Despite a significant monthly increase in manufacturing turnover, annual turnover decreased by 3.1%, indicating ongoing struggles in Germany's industrial sector.
October 07, 2024
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