Arab Today, arab today german industrial orders hit by geopolitical concerns
Last Updated : GMT 16:45:57
Arab Today, arab today
Arab Today, arab today

German industrial orders hit by geopolitical concerns

Arab Today, arab today

Arab Today, arab today German industrial orders hit by geopolitical concerns

Industrial orders in Germany
Frankfurt - AFP

German industrial orders, a key measure of demand for German-made goods both at home and abroad, fell in August, weighed down by concerns about fallout from the Ukraine crisis, data showed on Monday.
Industrial orders fell by 5.7 percent in August compared with the previous month, the statistics office Destatis said in a statement.
In July, German factory orders had jumped by 4.9 percent.
The large swing was partly due to the timing of the summer holidays, as well as the above-average number of big ticket orders in July, the statisticians said in a statement.
Domestic orders declined by 2.0 percent and export orders dropped up by as much as 8.4 percent compared with the previous month.
Orders from the eurozone contracted by 5.7 percent and orders from outside the eurozone slumped by 9.9 percent.
By sector, orders for semi-finished goods were down 3.0 percent and orders for capital goods dropped by 8.5 percent, while orders for consumer goods rose by 3.7 percent.
Berenberg Bank economist Christian Schulz attributed the bigger-than-expected drop in orders in August to "below-average bulk orders and distortions caused by late school holidays."
Nevertheless, "smoothing out these wild swings ... orders remained on a mild downtrend this summer," he said.
It "reflects the cooling of business sentiment since early spring. Geopolitical risks, especially the crisis in Eastern Ukraine, have made companies cautious about their investment plans, despite very favourable fundamental and funding conditions. Once these uncertainties fade confidence and thus investment should rebound," Schulz said.
BayernLB economist Stefan Kipar said the rise in consumer goods orders "suggest that the recovery in the euro area and in Germany hasn't ended yet. Positive growth rates can be expected in Germany in the second half of the year, even if  momentum is likely to be very modest."
But Commerzbank economist Ralph Solveen was more sceptical.
"The underlying trend is also pointing downwards. This supports our expectation of a weak second half of 2014 for the German economy," he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german industrial orders hit by geopolitical concerns Arab Today, arab today german industrial orders hit by geopolitical concerns

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german industrial orders hit by geopolitical concerns Arab Today, arab today german industrial orders hit by geopolitical concerns

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday