World Economy

German Factory Orders Slump

German Factory Orders SlumpGerman Factory Orders Slump

German industrial orders, a key measure of demand for goods in Europe’s biggest economy, fell again in September. It was weighed down by declining demand from countries that use the euro, DW reported. German industrial orders slumped for the third consecutive month in September, sending a warning signal about the outlook for Europe’s largest economy. The Federal Statistical Office said Thursday that orders fell 1.7% in seasonally adjusted terms compared with the previous month, following drops of 1.8% in August and a 2.2% drop in July. New orders from the countries using the euro currency were down 6.7%, while new orders from other countries increased 0.7%.