Mexican Media Brands
Factory Orders in Germany Shrank 6% in August
Factory orders plunged 6% in Germany from July to August, according to the country's economy ministry.
#economics
Share
Factory orders plunged 6% in Germany from July to August, according to the country's economy ministry. Orders had climbed 5% from June to July.
August's decline was the worst since January 2009. Economists say the timing of factory holidays was a major factor. But they also see a broad-based softening in demand caused by a stalled European economy and the uncertainties of geopolitical crises. Demand for German exports dropped 8% in August.
The bad news follows a 0.2% contraction of Germany's gross domestic product in the second quarter of 2014. Analysts say the country's economy isn't likely to resume growth until next year.
RELATED CONTENT
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.
-
Is The V8 Dead?
Tougher fuel economy standards may be the end of most V8s.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data