German Industrial Orders Slump in November
German industrial orders, a key measure of demand for German-made goods both at home and abroad, fell sharply in November, weighed down by falling domestic orders, data showed on Thursday.
Industrial orders dropped by 2.4 percent in November compared with the previous month, the economy ministry said in a statement.
In October, German factory orders had risen by 2.9 percent.
Domestic orders slumped by 4.7 percent and export orders slipped by 0.7 percent compared with the previous month.
Orders from the eurozone rose by 2.7 percent while orders from outside the eurozone were down by 2.6 percent, the ministry calculated.
By sector, orders for semi-finished goods fell by 2.3 percent and orders for capital goods slumped by 3.1 percent, while orders for consumer goods rose by 2.6 percent.
Source: Agence France Presse
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