The Oklahoman

German factory orders register sharp decline in August


Factory orders in Germany plummeted 7.7% in August compared with the previous month, led by much lower demand from countries outside the eurozone, official figures showed Wednesday.

The drop in orders, a leading indicator for Europe’s biggest economy, followed month-on-month gains of 4.6% in June and 4.9% in July.

The Economy Ministry said that orders from inside Germany were down 5.2%, while those from non-eurozone countries were off 15.2%.

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