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Germany’s factory orders fall more than expected in August

by ChemOrbis Editorial Team -
  • 06/10/2015 (13:41)
According to data released by Germany’s Economy Ministry, the country’s factory orders fell at a faster pace than expected in August. Factory orders declined 1.8% on a seasonally and inflation-adjusted basis in August following a revised decline of 2.2% in July. Economists’ initial expectations had called for a drop of 0.5% in a survey by Bloomberg.

Economic deceleration in China and weak economic dynamics in many emerging markets were cited as the main reasons behind the export-oriented country’s weaker factory orders in August. The data also revealed that domestic factory orders slid 2.6% in August due to lower demand for investment goods.
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