German engineering orders fall 5% in August
German engineering orders fell 5 percent in August compared to the previous year as major contracts dried up following two months of growth. Domestic orders dropped 2 percent while foreign bookings decreased by 6 percent, according to industry association VDMA.
Engineering orders in Germany fell 5% in real terms during August from a year earlier. The decline follows two months of sector growth. The drop reflects an absence of large-scale contracts rather than structural weakness.
