Jobs
German Factory Orders Unexpectedly Dropped in October
- October demand fell 3.7% from previous month; est. 0.2% gain
- Economy on track for another contraction in fourth quarter
This article is for subscribers only.
German factory orders unexpectedly fell in October, highlighting how manufacturing in Europe’s largest economy remains stuck in a rut.
Wednesday’s data shows a 3.7% decrease in demand — defying analysts who had predicted a 0.2% gain. September’s advance, however, was revised up to 0.7%.