Arab Today, arab today german factory orders slip in january
Last Updated : GMT 06:53:52
Arab Today, arab today
Arab Today, arab today

German factory orders slip in January

Arab Today, arab today

Arab Today, arab today German factory orders slip in January

German industrial orders, a key measure of demand for goods in Europe
Frankfurt - AFP

German industrial orders, a key measure of demand for goods in Europe's top economy, declined in January, weighed down by falling demand at home and in non-eurozone countries, the economy ministry said on Monday.

Provisional official data showed a decrease in orders of 0.1 percent month-on-month in January, following a drop of 0.2 percent in December.

Analysts polled by financial services firm FactSet had pencilled in a slightly steeper decline of 0.3 percent for January.

The drop was attributable to weaker domestic demand for German-made goods and weaker demand outside the eurozone, the ministry said.

Domestic demand declined by 1.6 percent and demand from outside the eurozone was down by 2.5 percent.

Eurozone demand, on the other hand, jumped by 7.5 percent, meaning that foreign demand overall rose by 1.0 percent.
 

 

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