Johannes Gernandt

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German machinery orders fall 5% in August as domestic demand stays weak

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German machinery orders fell 5% in August from a year earlier, ending two months of growth. The industry association VDMA reported the decline Monday, noting the absence of large-scale plant orders that boosted the prior-year figure.

Updated 3 hours ago

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After two months of growth, this result is a slight dampener. However, it should be noted that there were no large plant orders in August this year, unlike the previous year.

from German machinery orders fall 5% in August as domestic demand stays weak · Updated 3 hours ago

We are also very concerned that particularly domestic orders continue to shrink month by month. This shows how troubled the location Germany is and how urgently it needs comprehensive reforms to regain investors' confidence.

from German machinery orders fall 5% in August as domestic demand stays weak · Updated 3 hours ago