‘Horror Show’: Germany Posts Worst Factory Orders Drop In A Decade

Germany's struggling factory sector delivered another dour headline on Thursday, underscoring the extent to which the world's fourth largest economy remains mired in a deep manufacturing slump. Factory orders fell 2.1% MoM in December, a bitterly disappointing result, as markets were looking for a 0.6% gain. But it was the YoY figure that stuck out as particularly nasty. Factory orders plunged a ghastly 8.7% on year during the final month of 2019. That is the biggest decline since 2009. Dec