德国8月工业新订单连续第4个月下降

Core Insights - Germany's industrial new orders fell by 0.8% month-on-month in August, marking the fourth consecutive month of decline [1] - Domestic new orders increased by 4.7%, while foreign new orders decreased by 4.1%, with orders from the Eurozone down by 2.9% and from outside the Eurozone down by 5.0% [1] - The decline in new orders is primarily attributed to a significant drop in the automotive sector, which saw a month-on-month decrease of 6.4% [1] - Other sectors such as data processing equipment, electronics, and optical products experienced a 11.5% decline, while the pharmaceutical industry saw a 13.5% drop [1] - The Federal Statistical Office revised the July industrial new orders decline from 2.9% to 2.7%, indicating a 2.3% decrease in new orders from June to August compared to the previous three months [1] - The Federal Ministry for Economic Affairs and Energy noted that the recovery in domestic industrial demand suggests a potential stabilization, although weak overseas demand continues to hinder recovery [1] - Analysts from ING highlighted that the growth in domestic new orders may reflect the impact of government investments in infrastructure and defense [1] Industry Challenges - The downward trend in German industry persists, driven by high energy and labor costs, along with heavy taxation and administrative burdens, which are undermining overall industrial competitiveness [2] - Calls for government intervention to address these challenges have been made by industry experts [2]