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Germany’s industrial orders signal future slowdown in economy

by ChemOrbis Editorial Team - content@chemorbis.com
  • 06/09/2016 (15:50)
According to media sources, data from Germany showed that domestic demand for new industrial orders was lower than expected in the month of July which hints at a future economic slowdown in the country.

Germany’s Economy Ministry stated that contracts for locally produced goods increased by 0.2% in July, weaker than economists’ forecasts of a 0.5% rise. Overall domestic demand declined 3% and foreign orders increased 2.5% with the support of demand from Eurozone countries.

Economists commented that global activity has been affected by economic and political uncertainty, highlighting Britain’s decision to leave the EU and the upcoming presidential election in the US.
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