Germany's factory orders declined notably in August largely due to the weak demand in the auto sector, data from Destatis revealed on Wednesday.
Factory orders fell 7.7 percent on a monthly basis, reversing a revised 4.9 percent rise in July. This was the biggest fall since April 2020. Orders were forecast to drop moderately by 2.1 percent.
Excluding major orders, manufacturing orders decreased 5.1 percent from July.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.