German factory orders drop in July

  • 2/10/2023
  • 18:18
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BERLIN, Dhu-AlQa'dah 20, 1436, September 04, 2015, SPA -- German factory orders dropped a larger than expected 1.4 percent in July compared to the previous month, dragged down by flagging foreign demand, AP reported. The Federal Statistical Office reported Friday that it revised June's 2 percent increase downward to a rise of 1.8 percent, adjusted for seasonal and calendar factors. In July, domestic orders increased by 4.1 percent but foreign orders decreased 5.2 percent. New orders from the euro currency area were up 2.2 percent, but new orders from other countries dropped 9.5 percent. --SPA 11:03 LOCAL TIME 08:03 GMT www.spa.gov.sa/w

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