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Destatis released its factory orders data for Germany on Thursday. German seasonal adjusted factory orders dropped 1.7% in September, missing expectations for a 1.0% decrease, after a 1.8% fall in August.
The decline was driven by a drop in foreign and domestic orders. Foreign orders decreased by 2.4% in September, while domestic orders fell by 0.6%.
New orders from the Eurozone slid 6.7% in September, while orders from other countries rose 0.7%.
Orders of the intermediate goods increased by 0.4% in September, capital goods orders were down 2.9%, while consumer goods orders decreased 0.4%.
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