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Weaker foreign demand sinks German industrial orders in October -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Workers wear masks when they work at Volkswagen’s Wolfsburg assembly plant, Germany on April 27, 2020. Swen Pfoertner/Pool via REUTERS/File Photo

BERLIN, (Reuters) – German industrial orders declined more than expected in October because of weaker international demand. Data from Monday showed that this further clouded the outlook for growth in Europe’s biggest economy.

According to the Federal Statistics Office, 6.9% of orders for German goods fell in October seasonally after an increase of 1.8% in September.

According to Reuters, analysts expected a decrease of 0.5% in monthly sales.

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