German Industrial Orders Fall More Than Expected in August

German Industrial Orders Fall More Than Expected in August
A worker wears a protective mask at the Volkswagen assembly line after VW re-starts Europe's largest car factory after coronavirus shutdown in Wolfsburg, Germany on April 27, 2020. Swen Pfoertner/Pool via Reuters
Reuters
Updated:

BERLIN—German industrial orders fell more than expected in August on weaker demand from abroad following two months of unusually strong gains due to major contracts, data showed on Wednesday.

The figures published by the Federal Statistics Office showed orders for goods ‘Made in Germany’ were down by 7.7 percent on the month in seasonally adjusted terms. A Reuters poll of analysts had pointed to a drop of 2.1 percent on the month.