Top Stories
German industrial orders drop in Sept on foreign demand slump
Global Banking & Finance Review®
Company
BERLIN (Reuters) – German industrial orders fell more than expected in September, weighed down by a sharp fall in foreign demand, data showed on Friday.
BERLIN (Reuters) – German industrial orders fell more than expected in September, weighed down by a sharp fall in foreign demand, data showed on Friday.
New orders fell by 4.0% on the month on a seasonally and calendar adjusted basis, the Federal Statistics Office said. While domestic orders increased by 0.5%, foreign orders decreased by 7.0%.
A Reuters poll of analysts had pointed to a fall of 0.5% in September.
(Writing by Paul Carrel, editing by Kirsti Knolle)
Industrial orders refer to requests for goods and services from manufacturers and suppliers, indicating demand levels in the industrial sector.
Foreign demand refers to the desire and willingness of consumers and businesses in other countries to purchase goods and services produced domestically.
A financial market is a marketplace where buyers and sellers engage in the trade of financial assets, such as stocks, bonds, currencies, and derivatives.
Explore more articles in the Top Stories category
