German Industrial Orders Fall Back In November
Fahad Shabbir (@FahadShabbir) Published January 06, 2017 | 03:15 PM
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.
Orders fell by 2.5 percent compared with October, correcting for seasonal and Calendar effects, according to preliminary figures from the Federal statistics office Destatis.
Industrial orders are a closely-watched indicator, with observers alert for clues to growth after the German economy slowed in the second and third quarters of 2016.
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.
Related Topics
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From Business
-
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
5 hours ago -
Pak-US officials engage to enhance trade, investment ties
6 hours ago -
Stocks fall as tech shares sink, US economy slows
6 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
8 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
8 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
8 hours ago
-
Honda announces US$11 bn EV battery and vehicle plant in Canada
8 hours ago -
Zhao Shirin calls on Punjab Industries Minister
8 hours ago -
CEO APM Terminals calls on Finance Minister
8 hours ago -
SACM visits GTVC checks attendance register
8 hours ago -
CEO APM Terminals meets Commerce Minister
8 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
9 hours ago