Tags: EU | Germany | Economy

German Factory Orders Drop in June as Eurozone Demand Sinks

Friday, 05 August 2016 05:11 AM EDT

BERLIN (AP) — German factory orders dropped in June as overseas demand — especially within the eurozone — went down sharply.

The economy ministry said Friday that orders went down 0.4 percent after a 0.1 percent increase in May. Orders from inside Germany went up 0.7 percent, while orders from outside the eurozone increased 3.8 percent.

Demand from other countries in the 19-nation eurozone went down 8.5 percent compared to the previous month.

The ministry said that overall foreign orders decreased 1.2 percent.

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Europe
German factory orders dropped in June as overseas demand - especially within the eurozone - went down sharply.The economy ministry said Friday that orders went down 0.4 percent after a 0.1 percent increase in May. Orders from inside Germany went up 0.7 percent, while orders...
EU,Germany,Economy
80
2016-11-05
Friday, 05 August 2016 05:11 AM
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