Economics
German Factory Orders Unexpectedly Drop Amid Trade Fears
- Orders fall 0.9% vs. median estimate for 1.8% increase
- Demand for investment goods from abroad slumped in July
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German factory orders unexpectedly fell for a sixth month this year amid a slump in investment-goods demand from abroad, adding weight to concerns that trade tension may be starting to bite Europe’s largest economy.
Orders dropped 0.9 percent in July from June, when they plunged a revised 3.9 percent, the Economy Ministry in Berlin said Thursday. The decline compares with economist expectations for a 1.8 percent increase.