German Industrial Orders Drop Sharply in August
German industrial orders fell by 10.6 percent in August as large-scale bookings for transport equipment declined. The weak figures point to a potential drag on third-quarter economic growth.
Xurve View
Insights:
Xurve View
Germany's industrial orders fell 10.6% in August following a sharp decline in large-scale transport contracts. The drop points to a potential drag on third-quarter economic growth. Economists had projected a much smaller decline of just 1.0%.
