Thursday, July 10, 2014





German orders down 1.3 percent in August


February 17. 2013 7:58AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Government data show that industrial orders in Germany, Europe's biggest economy, were down 1.3 percent in August compared with the previous month a decline led by slacker demand at home.


The Economy Ministry said Friday that the drop followed a slight 0.3 percent gain in July. That figure was revised downward from the initial reading of 0.5 percent.


Germany is seeing slower growth this year following two years of robust increases in output. Business confidence has slipped for five months in a row, reflecting worries about the impact of Europe's debt crisis.


The Economy Ministry says the monthly decline was led by a 3 percent fall in orders from inside Germany. Foreign orders were flat despite a 2.4 percent increase in demand from other nations in the 17-country eurozone.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds