Prison » EU Economy Falters, German Factory Orders Drop

January 7, 2019

German factory orders dropped in November, dragged down by a fall in demand from other eurozone countries.

The Economy Ministry said Monday that overall orders were 1 percent lower than in the previous month following a slight 0.2 percent gain in October.

The figure includes an 11.6 percent drop in orders from elsewhere in the 19-nation eurozone, which more than cancelled out a 7.4 percent gain a month earlier. Orders from inside Germany were up 2.4 percent, and those from outside the eurozone rose 2.3 percent.

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This article was posted: Monday, January 7, 2019 at 7:21 am

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