(Reuters) -German industrial orders fell in August, declining by 0.8% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Tuesday. A Reuters poll
Germany's Industrial Orders Decline for Fourth Consecutive Month
Overview of Germany's Industrial Orders
FRANKFURT (Reuters) -German industrial orders fell for a fourth straight month in August, dragged lower mainly by a weak car industry and a decline in overseas demand, the federal statistics office said on Tuesday.
Impact of the Car Industry
The office reported that incoming orders in the manufacturing sector were down 0.8% on the previous month on a seasonally and calendar-adjusted basis. Analysts polled by Reuters had expected a rise of 1.1% on average.
Trends in Domestic and Export Orders
The statistics office said orders for exports fell by 4.1% in August, with orders from the eurozone falling by 2.9% and by 5% from outside the eurozone. Domestic orders rose by 4.7%.
(Reporting by Ozan Ergenay and Emanuele Berro in Gdansk and Ludwig Burger in Frankfurt, editing by Friederike Heine and Thomas Seythal)
