FRANKFURT (BLOOMBERG) - German factory orders slumped in May in the latest sign that global trade uncertainty is turning Europe's temporary slowdown into a more serious downturn.
The economy ministry on Friday (July 5) reported huge declines in export orders and investment goods in May, just days after a survey showed factory activity shrank for a sixth month in June. The continued gloom is increasing concern at the European Central Bank, and a growing number of economists are predicting it will add more monetary stimulus as soon as this month.
While orders data can be volatile, there's little doubt the numbers are disappointing. The 2.2 per cent overall drop on the month was far worse than the 0.2 per cent fall predicted by economists in a Bloomberg survey. The euro weakened, and ING said the report "wraps up a week to forget for the German economy."
and that's a good thing the volk is too comfy, the masses need to suffer first before finding the will to fight
Landon Mitchell
>Most Czech automotive manufacturers How many do they have? Škoda and ?
Isaiah Barnes
>the volk is too comfy, the masses need to suffer first before finding the will to fight You have a country to loose
Hudson Martinez
It's cyclical and will bounce back.
Logan Gonzalez
>How does this work? Like peeing in your pants to keep warm? Refugee spending is like a stimulus package. Every euro goes directly back into your economy immediately, unlike e.g. investments in schools or infrastructure or automation.
