Factory Orders Drop 4% in Germany
Factory orders in Germany fell by an unexpected 4% from December to January, according to the Federal Statistical Office.
#economics
Factory orders in Germany fell by an unexpected 4% from December to January, according to the Federal Statistical Office. Economists had expected a 1% decline.
The shrinkage was led by a 9% drop in orders from other members of the eurozone. Orders within Germany and outside the eurozone shrank 3% and 2%, respectively.
Economists note that factory order data can be irregular, pointing out that orders jumped 4% from November to December.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future