Putin accuses Europe of redirecting grain meant for poor countries under Black Sea deal
Russian President Vladimir Putin has accused European countries of taking grain originally meant for impoverished nations under the 2022 Black Sea Gra...
Unexpected weakness in Germany's manufacturing orders in May signals ongoing uncertainty in industrial demand, despite a yearly rise and sector-specific gains.
Germany’s new factory orders declined by 1.4% month-on-month in May, exceeding market expectations of a 0.2% drop, according to provisional figures published by the Federal Statistical Office (Destatis) on Friday.
Excluding large-scale orders, the monthly fall was steeper at 3.1%, underlining broader weakness in manufacturing demand.
The downturn was led by a significant 17.7% fall in new orders in the manufacture of computer, electronic and optical products. Other sectors that contributed to the decline included electrical equipment and basic metals, which saw order reductions of 6.2% and 5.1%, respectively.
Some sectors, however, reported growth. Orders for fabricated metal products surged by 18.2%, while the manufacture of other transport equipment saw a 6.8% increase, helping to offset broader declines.
By category, capital goods orders dropped by 0.9%, and intermediate goods fell by 3.4%, while consumer goods bucked the trend with a 3.1% monthly increase.
Despite the monthly contraction, factory orders in May were up 5.3% year-on-year. Additionally, Destatis revised April’s monthly figure upwards to a 1.6% gain from the previously reported 0.6%, citing late data submissions from the automotive sector.
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Electric car sales in Germany surged to a new record in the first half of 2025, making up 17.7% of all new vehicle registrations, according to the German road traffic agency KBA. Despite a 4.7% drop in overall car sales, demand for EVs grew by 35% year-on-year.
U.S. consumer prices rose at their fastest pace in five months in June, signaling the early impact of tariffs on inflation. However, subdued demand and falling service prices may keep the Federal Reserve cautious about rate changes.
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