61003
German Jan. Orders Lowest in 8 Years
German Jan. Orders Lowest in 8 Years

German Jan. Orders Lowest in 8 Years

German Jan. Orders Lowest in 8 Years

A sharp fall in domestic and eurozone demand drove the biggest monthly slump in German industrial orders in eight years in January, data showed on Tuesday, Reuters reported. Contracts for ‘Made in Germany’ goods were down by 7.4% on the month, the economy ministry said. That was the biggest monthly drop since January 2009 and was almost three times below the Reuters consensus forecast for a fall of 2.5%. The economy ministry said high demand in the fourth-quarter of 2016 resulted in the weak start to 2017. It expects industrial orders to rebound later this year.

Short URL : https://goo.gl/1nXxyE
  1. https://goo.gl/DN5BQr
  • https://goo.gl/9wczk4
  • https://goo.gl/ECXy8h
  • https://goo.gl/sNP8CY
  • https://goo.gl/qFQ2re

You can also read ...

US has accused ABLV of money laundering and breaching  sanctions on North Korea.
The European Central Bank said Saturday it has determined that...
Mexico Hosts 39 Million Tourists, Earns $21 Billion
Mexico saw record revenues from international tourism in 2017...
S&P Ups Russia to Investment Grade
Russia received a long-awaited upgrade to its sovereign rating...
Debt to GDP ratios across the OECD averaged 73% last year and its members are set to borrow $14.67 trillion from the markets this year.
The world economy is at risk from a rising tide of government...
Peru Deficit Narrows
Peru had a current account deficit of 1.3% of the gross...
China’s Geely Buys $9 Billion Daimler Stake
The founder of Zhejiang Geely Holding Group Co. has...
Thorny issues such as content rules for  cars remain unsolved.
It’s looking increasingly likely Nafta talks will extend...
Manafort Indictment Spells Trouble for Bankers
Recently filed federal charges against President Donald Trump’...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus