KONTAN.CO.ID - BERLIN. German industrial orders fell more than expected in July on weak demand from abroad, data showed on Thursday, suggesting that struggling manufacturers could tip Europe's biggest economy into a recession in the third quarter. Germany's export-reliant economy is suffering from weaker foreign demand and business uncertainty caused by trade disputes and Britain's planned but delayed exit from the European Union. Contracts for 'Made in Germany' goods were down 2.7% from the previous month, driven by a big drop in bookings from non-euro zone countries, the economy ministry said. That undershot a Reuters consensus forecast for a 1.5% drop.
Recession risks rise for Germany as industrial orders plunge
KONTAN.CO.ID - BERLIN. German industrial orders fell more than expected in July on weak demand from abroad, data showed on Thursday, suggesting that struggling manufacturers could tip Europe's biggest economy into a recession in the third quarter. Germany's export-reliant economy is suffering from weaker foreign demand and business uncertainty caused by trade disputes and Britain's planned but delayed exit from the European Union. Contracts for 'Made in Germany' goods were down 2.7% from the previous month, driven by a big drop in bookings from non-euro zone countries, the economy ministry said. That undershot a Reuters consensus forecast for a 1.5% drop.