Surprise drop in German factory orders

Orders from euro zone slump in run-up to Brexit vote

5th August, 2016
German factory orders down Pic: Getty

German factory orders unexpectedly declined in June as demand for investment goods from within the euro area slumped in the run-up to Britain’s referendum on European Union membership.

Orders, adjusted for seasonal swings and inflation, fell 0.4 per cent from May, when they rose a revised 0.1 perc ent, data from the Economy Ministry in Berlin showed. That was the third consecutive month demand remained below economists’ estimates. The median in a Bloomberg...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Emer McLysaght: Dazed and confused in a new age of A&E

Nadine O’Regan: Will the pandemic finally deliver a revolution in comfort dressing?

Brian Keegan: A solidarity tax would be a step backwards

Tax Brian Keegan 1 day ago

Tony O’Brien: Our quarantine approach seems designed with failure in mind