German factory orders fall in September

5th November 2015, Comments 0 comments

German industrial orders, a key measure of demand for goods in Europe's top economy, fell in September, weighed down by declining demand from the euro area, the economy ministry said on Thursday.

Provisional official data showed a decrease of 1.7 percent month-on-month, following declines of 1.8 percent in August and 2.2 percent in July.

Analysts polled by financial services firm FactSet had pencilled in an increase of 1.0 percent for September.

The decline was attributable to weaker foreign demand for German-made goods. Export orders fell by 2.4 percent, while domestic orders slipped by 0.6 percent, the ministry calculated.

Orders from the eurozone tumbled by 6.7 percent, while orders from outside the single currency area edged up 0.7 percent.


© 2015 AFP

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