Germany’s industrial orders fell sharply in July

Germany’s industrial orders fell more than expected in July, declining by 11.7% on a seasonally and calendar-adjusted basis compared to the previous month, according to data from the federal statistics office. This drop followed a sharp gain in the aerospace sector in June, which had posted an unexpected increase of 7.6%. The decline in July was attributed to the large order in air and spacecraft manufacturing the month before.

Analysts cited weakness in the global economy as a key factor contributing to the trend. They noted that Germany’s industrial sector is heavily influenced by the state of the global economy, which is currently facing challenges.

The data reflects ongoing uncertainty in the industrial sector, with some economists suggesting that a turnaround is not imminent due to the weak global economy and high energy costs. Despite the monthly fluctuations, industrial orders in Germany showed a 3.1% increase in the three-month comparison from May to July compared to the previous three months.

The industrial sector remains a critical component of Germany’s economy, and fluctuations in orders can have a significant impact on the country’s economic performance. As such, economists will continue to closely monitor developments in the industrial sector for signs of stabilization and recovery.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

US set to release vital rule to strengthen electricity transmission

The US Federal Energy Regulatory Commission (FERC) is poised to release a final rule on Monday to address the strain on U.S. electricity transmission, which has intensified as the grid contends with integrating large quantities of clean power amidst rising demand. This eagerly awaited rule aims…

Global commodity markets react to ongoing crisis in Red Sea

The recent attacks on shipping vessels by Iranian-backed Houthi rebels in the Red Sea, a crucial shipping lane, have had significant impacts on global trade, particularly through the Suez Canal. The Suez Canal, a vital route connecting Asia and Europe, accounts for 14.8% of all Europe and Middle East…

Saudi Arabia’s PIF to invest $15 billion in Brazil’s green energy and infrastructure

Saudi Arabia’s Public Investment Fund (PIF) plans to invest approximately $15 billion in Brazil, focusing on sectors such as green hydrogen, infrastructure, and renewable energy, as announced by Brazil’s Minister for Energy, Alexandre Silveira, during an event in Rio de Janeiro. The investment plans were discussed during…

Stay informed

error: Content is protected !!