Germany sees hefty drop in factory orders in December

International

German Interior Minister Horst Seehofer, left, talks with German Economy Minister Peter Altmaier, right, prior for the weekly cabinet meeting of the German government at the chancellery in Berlin, Germany, Wednesday, Feb. 5, 2020. (AP Photo/Jens Meyer)

BERLIN (AP) — Factory orders in Germany declined by a hefty 2.1% in December compared with the previous month on a sharp drop in demand from other countries in the eurozone.

The Economy Ministry said Thursday that orders, an important indicator for Europe’s biggest economy, were down 0.5% in the fourth quarter compared with the previous three-month period. The drop in December followed a 0.8% decline in November and a slight gain of 0.2% in October.

Orders from other euro-area nations dropped 13.9%. However, demand from inside Germany was up 1.4% and orders from other countries rose 2.1%.

The ministry said that, excluding bulk orders, the overall decline would have been a more modest 1.3%.

Germany’s economy has grown for 10 consecutive years but last year’s 0.6% growth was the weakest since 2013. Fourth-quarter figures haven’t yet been released, but officials estimated last month that the economy grew slightly compared with the previous quarter.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Overcast

Abbeville

63°F Overcast Feels like 63°
Wind
8 mph SE
Humidity
85%
Sunrise
Sunset

Tonight

Cloudy skies. Low 54F. Winds WNW at 5 to 10 mph.
54°F Cloudy skies. Low 54F. Winds WNW at 5 to 10 mph.
Wind
7 mph WNW
Precip
60%
Sunset
Moon Phase
New
Overcast

Crowley

64°F Overcast Feels like 64°
Wind
9 mph S
Humidity
90%
Sunrise
Sunset

Tonight

Overcast. Low 53F. Winds WNW at 5 to 10 mph.
54°F Overcast. Low 53F. Winds WNW at 5 to 10 mph.
Wind
7 mph WNW
Precip
60%
Sunset
Moon Phase
New
Overcast

Opelousas

61°F Overcast Feels like 61°
Wind
10 mph SSE
Humidity
88%
Sunrise
Sunset

Tonight

Overcast. Low around 50F. Winds WNW at 5 to 10 mph.
54°F Overcast. Low around 50F. Winds WNW at 5 to 10 mph.
Wind
7 mph WNW
Precip
60%
Sunset
Moon Phase
New
Overcast

Breaux Bridge

63°F Overcast Feels like 63°
Wind
7 mph SSE
Humidity
84%
Sunrise
Sunset

Tonight

Overcast. Low 53F. Winds WNW at 5 to 10 mph.
54°F Overcast. Low 53F. Winds WNW at 5 to 10 mph.
Wind
7 mph WNW
Precip
60%
Sunset
Moon Phase
New
Overcast

New Iberia

64°F Overcast Feels like 64°
Wind
13 mph SSE
Humidity
90%
Sunrise
Sunset

Tonight

Cloudy with showers. Low 52F. Winds SE at 5 to 10 mph. Chance of rain 50%.
53°F Cloudy with showers. Low 52F. Winds SE at 5 to 10 mph. Chance of rain 50%.
Wind
7 mph SE
Precip
30%
Sunset
Moon Phase
New

Trending Stories

Sidebar