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11:24 GMT
08
Jan 2009

German Factory Orders Slump In November

(RTTNews) - German industrial new orders decreased 6% month-on-month in November after falling a revised 6.3% fall in October, the Federal Ministry of Economics and Technology said Thursday. The decline was steeper than the expected fall of 1.9%. The ministry revised October’s fall from 6.1% reported initially. Domestic orders decreased 7.6%, while foreign orders fell 4.4% from October.

On an annual basis, total orders slumped 27.2% following a revised decline of 17.5%. Economists had expected a 20.1% fall in orders, while the October decline was revised from 17.3% reported initially.

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Posted in Categories: Economy, Eurozone, Releases.

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