German factory orders drop unexpectedly in August, exports rise

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Source: RTT News
Factory orders in the Eurozone's largest economy surprisingly declined in the month of August mainly due to weaker demand from the 17-nation bloc, while exports advanced, the Federal Ministry of Economics and Technology showed on Tuesday. Factory orders fell 0.3% on a monthly basis in August, whereas exports increased 1% month-on-month in the same month.

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Wed, 09 Oct 2013 06:43:55 GMT

Japan's machine tool orders drop in September as export demand falls

Machine tool orders in the Asian second-largest economy fell on an annual basis in September mainly due to a steep drop in export demand, the Japan Machine Tool Builders' Association reported on Wednesday. The report showed that the total figure of machine tool orders slipped 6.3% in September as the export market orders declined 23.4% in same the month.

Tue, 08 Oct 2013 17:10:04 GMT

China's service sector slows down in September

Service sector in China slowed down in the month of September, although the gauge measuring the performance of the sector stayed above a level of 50 signalling expansion, a survey published by the HSBC and Markit Economics showed on Tuesday. The HSBC/Markit services business activity index decreased from 52.8 in August to 52.4 in September.

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