Copy LinkNew orders for German-made goods slumped in August, dragged down by a sharp drop in demand from within the Eurozone. Data released today by the Federal Statistical Office showed a 5.8% decrease in real manufacturing orders compared to July. This follows a surge in July which was driven by major contracts in the transport sector, including aircraft, ships and trains. While orders from outside the Eurozone provided a slight boost, increasing by 3.4%, this was offset by a significant 10.5% decline in orders from within the currency bloc. The figures paint a worrying picture for Europe’s largest economy, suggesting that the manufacturing sector is struggling with weak demand from its key trading partners.

Source: Libya Today October 08, 2024 00:38 UTC