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....
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.