# German industrial orders slump more than expected in August
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-10-06
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: German industrial orders fall more than expected in August
Meta Description: German industrial orders in August fell more than forecasted, particularly due to lower orders from the euro zone. Energy and inflation crises in the region
URL: https://financedigest.com/german-industrial-orders-slump-more-than-expected-in-augusthtml

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BERLIN (Reuters) – German industrial orders dropped more than expected in August, dragged down by a fall in orders from the euro zone, where companies are battling with energy and inflation crises, data showed on Thursday.

New orders in manufacturing fell by 2.4% month on month on a seasonally and calendar adjusted basis, the federal statistics office said. Analysts had predicted a less severe 0.7% drop, according to a Reuters poll.

Domestic [industrial orders](https://www.financedigest.com/german-industrial-orders-rise-more-than-expected-in-february.html "German industrial orders rise more than expected in February") fell by 3.4% and those from the euro zone by 3.8%, according to the data.

High energy prices on the European continent are [leading to restrained ordering behaviour on the part of local industry,”](https://www.financedigest.com/2022-the-year-that-facial-recognition-will-lead-the-fintech-industry.html "2022 – The year that facial recognition will lead the fintech industry") said VP chief economist Thomas Gitzel.

There was some good news as the office significantly revised up its reading for July, from a previously reported decline of [1.1% to 1.9% growth](https://www.financedigest.com/spain-q2-quarterly-gdp-growth-revised-to-1-5-from-1-1.html "Spain Q2 quarterly GDP growth revised to 1.5% from 1.1%").

And disregarding volatile large-scale orders, manufacturing orders [posted a 0.8% increase in August on the previous month](https://www.financedigest.com/japans-factory-output-posts-biggest-fall-in-8-months-on-weak-autos-chips-sectors.html "Japan’s factory output posts biggest fall in 8 months on weak autos, chips sectors").

FILE PHOTO: [Falling demand](https://www.financedigest.com/oil-falls-on-demand-worry-as-fed-make-or-break-moment-approaches.html "Oil falls on demand worry as Fed ‘make or break moment’ approaches") (https://graphics.reuters.com/GERMANY-ECONOMY/INDUSTRIALOUTPUT/myvmndjzqpr/chart.png)

(Reporting by Miranda Murray and Rachel More; Editing by Maria Sheahan and Miranda Murray)


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