Monday March 30, 2020

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



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago