Germany's manufacturing sector orders decreased in double-digits on a monthly basis in July, which was much more than forecast, largely due to a big order for air and spacecraft in the previous month, and added fuel to worries that the biggest euro area economy may be headed for a recession.
Factory orders fell a calendar-and-seasonally adjusted 11.7 percent in July, preliminary data from Destatis showed Wednesday. This was much worse than the 4 percent slump economists had forecast. The decline for June was revised to 7.0 percent from 7.6 percent. Excluding big orders, factory orders grew 0.3 percent from the previous month.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.