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Weaker foreign demand dampens German industrial orders in October

FILE PHOTO: VW restarts Europe's largest car factory after coronavirus shutdown
FILE PHOTO: Employees wear protective masks at the Volkswagen assembly line in Wolfsburg, Germany, April 27, 2020. Swen Pfoertner / Pool via REUTERS / File Photo

December 6, 2021

BERLIN (Reuters) – German industrial orders fell more than expected in October on weaker foreign demand, data showed on Monday, further clarifying the growth outlook for manufacturers in Europe’s largest economy.

Figures from the Federal Statistical Office show orders for ‘Made in Germany’ goods fell 6.9% on the month in seasonally adjusted terms after an upward revision of 1.8% in September.

A Reuters poll of analysts pointed to a drop of less than 0.5% for the month.

(Reported by Michael Nienaber, edited by Kirsti Knolle)

https://www.oann.com/weaker-foreign-demand-sinks-german-industrial-orders-in-october/?utm_source=rss&utm_medium=rss&utm_campaign=weaker-foreign-demand-sinks-german-industrial-orders-in-october Weaker foreign demand dampens German industrial orders in October

Bobby Allyn

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