German factory orders sink


An employee of German car parts maker Continental assembles a power electronics component at the factory of the company's Powertrain unit in Nuremberg, Germany. - Reuters filepic

FRANKFURT: German factory orders fell in July, aggravating an industrial slump that has pushed Europe’s largest economy to the brink of recession.

Demand fell 2.7% from June, when it rose at the same pace, as orders from outside the eurozone plunged.

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