German Industrial Orders Fall Back In November
FRANKFURT AM MAIN, Jan 6, (UrduPoint / Pakistan Point News - 06th Jan, 2017 ) - German industrial orders fell in November, official data showed Friday, but analysts remained confident that Europe's largest economy would see a rebound in growth after a tough summer.
Domestic new contracts fell by 2.8 percent, while foreign demand dropped by 2.3 percent. Orders from Germany's eurozone neighbours shrank more quickly than those from the rest of the world, at 2.7 percent compared with 2.0 percent. All of the fall came from firms that produce manufacturing equipment, which reported a 4.8 percent drop.