Huge Miss For German Factory Orders

Up just 0.8% in September. Analysts expected a 2.3% boost. Orders are now down 1% on September last year.

Last month's absolutely dreadful 5.7% drop brought Germany's economy under scrutiny for all the wrong reasons. Economists had expected some recovery from that dip, but it hasn't materialised.

Domestic orders took the biggest hit, down 2.8% (following a 2% hit the previous month).

Last month also saw a plunge in exports recorded for August and a slump in industrial production generally. These numbers don't do much to turn around that nasty-looking trend.