Home Economic Indicators Germany’s Industrial Orders Drop 0.8% in August, Defying Forecasts

Germany’s Industrial Orders Drop 0.8% in August, Defying Forecasts

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Germany’s industrial orders unexpectedly fell in August, dropping 0.8% from the previous month after seasonal and calendar adjustments, according to data released by the Federal Statistics Office on Tuesday.

Economists had forecast a 1.1% increase, based on a Reuters poll, but weaker demand led to another monthly decline in factory activity.

The statistics office noted that additional economic indicators and detailed data are available on its official website.