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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.