German Factory Orders Drop
World Economy

German Factory Orders Drop

German factory orders dropped a larger than expected 1.4% in July compared to the previous month, dragged down by flagging foreign demand, AP reported. The Federal Statistical Office reported Friday that it revised June’s 2% increase downward to a rise of 1.8%, adjusted for seasonal and calendar factors. In July, domestic orders increased by 4.1% but foreign orders decreased 5.2%. New orders from the euro currency area were up 2.2%, but new orders from other countries dropped 9.5%. UniCredit economist Andreas Rees says the July drop, greater than the 0.6% drop predicted by analysts, seems more of a “technical breather after a strong rally” than a matter for concern.

Short URL : https://goo.gl/sKvHLF
  1. https://goo.gl/XBySMA
  • https://goo.gl/Ybf1cf
  • https://goo.gl/cG0h4a
  • https://goo.gl/NI93io
  • https://goo.gl/QfAlAU

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...