Sunday February 23, 2020

German factory orders fall as global slowdown weighs

Orders dropped by 0.1% in January, the second month they have fallen

7th March, 2016
German factory orders dropped by 0.1% in January

German factory orders fell for a second month in January in a sign that a global slowdown and weak domestic pricing power may be hurting Europe’s largest economy.

Orders, adjusted for seasonal swings and inflation, dropped 0.1 per cent from the prior month, when they slid 0.2 per cent, data from the Economy Ministry in Berlin showed on Monday. The reading, which is typically volatile, compares with a median estimate for a decrease...

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