Monday July 6, 2020

German economy stutters on latest factory orders

German factory orders unexpectedly declined for a second month in May in a sign that the eurozone is struggling to emerge from its longest-ever recession.

5th July, 2013

German factory orders unexpectedly declined for a second month in May in a sign that the eurozone’s struggle to emerge from its longest-ever recession is disrupting the recovery in Europe’s largest economy.

Orders, adjusted for seasonal swings and inflation, dropped 1.3 per cent from April, when they fell a revised 2.2 per cent, the Economy Ministry in Berlin said today. Economists forecast a gain of 1.2 per cent, according to the...

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