Factory Orders in Germany Fall More than Expected
Germany’s economic ministry this morning reported that factory orders in the country fell by an adjusted -4.8% in November, the largest fall in the index in nearly three years. The consensus estimate projected a decline of -1.8%. The largest decline…
Germany’s economic ministry this morning reported that factory orders in the country fell by an adjusted -4.8% in November, the largest fall in the index in nearly three years. The consensus estimate projected a decline of -1.8%.
The largest decline came from non-European Union nations, from which orders fell by -10.3%. Orders from Eurozone partners fell -4.1%, and domestic orders fell by -1.1%.
The declines suggest that Europe’s largest economy, which is driven by its exports, could be weakening. A slowdown in Germany’s economy will not be well received by the global financial markets.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
