German factory orders in an unexpected decline


Factory orders in Germany fell unexpectedly in January compared to a month earlier. This is shown by figures from the German Federal Statistical Office.

Orders fell by 2.6 percent on a monthly basis, the strength decline in seven months. In general, economists expected the order intake to plummet by 0.5 percent in the first month of the year. In December there was an increase of 0.9 percent, while a decrease of 1.6 percent had been reported earlier.

On an annual basis German orders fell by 3.9 percent. Here, a drop of 3.2 percent was expected in average.

By: Abaigael Schlomski

Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.

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