Orders for German industrial goods rose by a weaker-than-expected 2.8% in July, indicating an initial snap back from the coronavirus shock is fading into a slower recovery in Europe's largest economy.
BERLIN - Orders for German industrial goods rose by a weaker-than-expected 2.8% in July, indicating an initial snap back from the coronavirus shock is fading into a slower recovery in Europe’s largest economy.
Order intake in July was still 8.2% lower than in February, before lockdown measures were imposed to slow the spread of the coronavirus. The weak domestic demand chimed with figures published on Wednesday showing German retail sales fell unexpectedly in July, dashing hopes that household spending can drive a strong recovery in the third quarter.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Novichok nerve agent used in Alexey Navalny poisoning, says German governmentJUST IN: Russian opposition leader Alexey Navalny was poisoned with the same type of nerve agent used in a 2018 attack on an ex-spy in the UK, Germany says.
Read more »
Kremlin critic Alexey Navalny was poisoned with chemical nerve agent, German government saysBREAKING: Alexey Navalny, the Russian opposition leader and one of Vladimir Putin's fiercest critics, was poisoned with the chemical nerve agent Novichok, German government says.
Read more »
Apple-Epic row being closely watched by German antitrust chiefGermany's antitrust watchdog is following closely a legal row over Apple's App Store payment terms, saying on Wednesday it could in principle open a national inquiry.
Read more »
Kremlin critic Alexey Navalny was poisoned with Novichok nerve agent, German government saysAlexey Navalny, the Russian opposition leader and one of Vladimir Putin's fiercest critics, was poisoned with the chemical nerve agent Novichok, German government says.
Read more »
Tesla tests the circuits for German energy market pushElon Musk appears to be opening a new front in the European battle for electric car supremacy: the power behind the wheel.
Read more »
Tesla's Musk set to meet German economy minister: sourcesTesla Inc CEO Elon Musk is scheduled to meet German Economy Minister Peter Altmaier on Wednesday during a visit to Germany, coalition sources told Reuters.
Read more »