Germany's factory/machine orders in January fell by 42%
2022-10-02 05:05:47
German Industry Association VDMA said on the 4th that Germany's new orders for the factory and machinery industry in January actually fell 42% year-on-year, with domestic orders down 31% and overseas orders down 47%.
Comprehensive foreign power reported on March 4, the German Industry Association VDMA said on the 4th that Germany's new orders for the factory and machinery industry in January actually fell 42%.
Domestic orders fell 31% year-on-year, and overseas orders fell 47% year-on-year.
This is another sign of the slowdown in German economic activity.
Continued consumer instability and longer than previous holidays have curbed orders.
In the three months to January, orders fell 38% year-on-year, with domestic orders down 34% and overseas orders down 39%.
Comprehensive foreign power reported on March 4, the German Industry Association VDMA said on the 4th that Germany's new orders for the factory and machinery industry in January actually fell 42%.
Domestic orders fell 31% year-on-year, and overseas orders fell 47% year-on-year.
This is another sign of the slowdown in German economic activity.
Continued consumer instability and longer than previous holidays have curbed orders.
In the three months to January, orders fell 38% year-on-year, with domestic orders down 34% and overseas orders down 39%.
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