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German factory orders down by 5.8% in August
Economy24m ago(Source: baha news)
EPA-EFE/FILIP SINGER
Economy
Seasonally and price-adjusted new factory orders in Germany declined by 5.8% in August compared to the previous month, the country's Federal Statistical Office Destatis revealed in a report published on Monday.
Foreign orders dropped by 3.4% compared to July, while domestic orders plunged by 10.9%. New orders from the euro area sank by 10.5%, while new orders from other countries decreased by 2.2% month on month. New orders of intermediate goods declined by 2.2%, while capital goods orders plummeted by 8.6%, and orders of consumer goods decreased by 0.9.
On an annual basis, calendar-adjusted new factory orders dipped by 3.9% in August.
