Economics
German Factory Orders Fall for Sixth Month Amid Energy Squeeze
- July orders down 1.1% from June; economists saw -0.7%
- Economy is under increasing pressure from energy costs
This article is for subscribers only.
German factory orders fell for a sixth month as inflation and uncertainty about energy supplies undermine Europe’s largest economy.
Demand slipped 1.1% from June, driven by a slump in consumer goods, particularly pharmaceutical products. That’s worse than the 0.7% drop economists had predicted.