German industrial orders slump more than expected in August

Monday’s data add to signs that manufacturing in Europe’s largest economy will not recover in the coming months

German industrial orders fell significantly more than expected in August, adding to signs that manufacturing in Europe’s largest economy will not recover in the coming months.

The less volatile three-month on three-month comparison showed that new orders were 3.9 per cent higher in the period from June to August than in the previous three months.

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Order Orders Economy Manufacturing Figure Gitzel Demand Pantheon Macroeconomics Commerzbank Reuters

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