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Image showing German industrial decline with steel production focus - Global Banking & Finance Review
The image features industrial activity in Germany, highlighting the recent 1.5% drop in industrial orders in October 2023. This decline reflects challenges in the manufacturing sector, particularly in steel production, as reported by federal statistics.
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German industrial orders fall 1.5% in October

Published by Uma Rajagopal

Posted on December 5, 2024

1 min read
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(Reuters) – German industrial orders fell in October, declining by 1.5% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Thursday.

A Reuters poll of analysts had pointed to a fall of 2.0%.

The statistics office publishes more economic data on its website.

(Reporting by Elizaveta Gladun in Gdansk, Editing by Miranda Murray)

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