Germany's factory orders declined for the third straight month in July, figures from Destatis revealed on Friday.
New orders fell 2.9 percent month-on-month in July, confounding expectations for an increase of 0.5 percent. The fall was also sharper than the 0.2 percent decrease posted in June.
Further, this was the fastest decline since January, when prices dropped 5.4 percent.
When large-scale orders are excluded, new orders were 0.7 percent higher than in 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.