Arab Today, arab today less demand for german industrial goods
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Less demand for German industrial goods

Arab Today, arab today

Arab Today, arab today Less demand for German industrial goods

Frankfurt - DW

German industrial orders fell to unexpected low in August, adding to signs that an almost two-year boom is coming to an end. A spike in July looks likely to remain a blemish to industry successes. New order for German industrial goods dropped 1.3 percent in August, marking an unexpectedly sharp decline from a gain of 0.3 percent in July, according to latest figures released by the German Economics Ministry Friday. The seasonally adjusted data show export orders remaining steady compared with the previous month. However, domestic demand for industrial goods was shrinking by 3.0 percent, with producers of capital goods such as machines and vehicles hit especially hard. Expecting the economic outlook for German industry to remain \"very cautious,\" the Economics Ministry, however, rejected fears of a steeper turn for the worse. \"There are no indications of a steeper decline in economic activity,\" the ministry wrote in a statement, adding that business sentiment in Germany was improving. The decline is bigger than expected by analysts who had predicted a drop in orders by 0.5 percent in a poll conducted by Reuters news agency. Stefan Schlibe, economist with HSBC Trinkhaus, said falling orders were caused by weaker global demand affecting capital goods producers. \"We expect third-quarter economic growth in Germany to slow down to stagnation. However, we won\'t see a recession,\" he told Reuters. The industrial downturn in Germany is especially noticeable on a year-on-year basis. The combined figures for July and August 2012 was down by 4.7 percent compared with the same period in 2011, with domestic order slumping by an even steeper 7.2 percent.

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 less demand for german industrial goods Arab Today, arab today less demand for german industrial goods

 



Arab Today, arab today

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 less demand for german industrial goods Arab Today, arab today less demand for german industrial goods

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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