German Factory Orders Decline
World Economy

German Factory Orders Decline

German factory orders declined slightly more than expected in December, dragged down by lower demand at home and in other eurozone countries, AP reported. The economy ministry said Friday that orders were down 0.7% compared with the previous month, more than the 0.5% drop economists had forecast. That followed two months of solid gains. Orders from inside Germany were down 2.5% and demand from other eurozone countries dropped 6.9%. However, orders from outside the eurozone increased 5.5%. The government recently trimmed its growth forecast for the German economy, Europe’s biggest, to 1.7% this year from 1.8% amid concerns over weakening growth abroad and global political tensions.


Short URL : http://goo.gl/LA2g6O
  1. http://goo.gl/S3xsGG
  • http://goo.gl/sMl3Q2
  • http://goo.gl/fWUDza
  • http://goo.gl/IgcAMt
  • http://goo.gl/Dt8QhQ

You can also read ...

There were rallies on Wall Street overnight due to US President Donald Trump’s comments.
Asian indexes put in mixed performances on Wednesday following...
Google and Walmart are set to start a partnership through which thousands of Walmart products are offered through the Google Home voice-controlled speaker.
Lowe’s Inc the number-two US home improvement retailer,...
Chinese Foreign Ministry spokeswoman Hua Chunying
China on Wednesday urged the US to withdraw new sanctions it...
Identity Fraud Soars to New Highs in UK
Cifas, the UK’s leading fraud prevention service, has released...
China Court Awards US Co. $1.5m in Court Case
A Chinese court has ordered three domestic shoemakers to pay...
Italian 10-year yields climbed 6 basis points to  a 3-1/2-week high at 2.17%
Eurozone bond yields rose on Wednesday, with Italian yields...
Toshiba, Western Digital Start Talks on Memory Sale
Toshiba has begun negotiations with business partner Western...
Blackstone Explores $7b IPO of Gates Global
Private equity firm Blackstone Group LP is exploring an...