Slowdown hits German factory orders with surprise fall in December

Manufacturing orders took a surprise fall in Germany in December, declining by 2.1 per cent on the previous month, according to preliminary government data released on Thursday.

Analysts had forecast a 0.6-per-cent rise.

However, the figures for November improved somewhat after revised data showed a fall of 0.8 per cent that month rather than a previously reported 1.3 per cent.

Orders fell by 8.7 per cent year on year in the last month of 2019, the Federal Statistical Office (Destatis) reported. That too was worse than the 6.6-per-cent drop forecast by experts.

One of the main reasons for the disappointing performance in December was a 4.5-per-cent monthly fall in orders from abroad, Destatis said. New orders from within the eurozone were down 13.9 per cent.

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