German Factory Orders Fell in July in Sign of Bumpy Recovery
- Economy ministry reports 1.4 percent decline in orders
- Non-euro area orders slump as China drags on global growth
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German factory orders fell more than expected in July, signaling that growth in Europe’s largest economy may yet be bumpy.
Orders, adjusted for seasonal swings and inflation, dropped 1.4 percent after increasing a revised 1.8 percent in June, data from the Economy Ministry in Berlin showed on Friday. The typically volatile number compares with a median estimate of a 0.6 percent decline in a Bloomberg survey. Orders unexpectedly slid 0.6 percent from a year earlier.