Factory orders drop in Germany in sign of economic weakness

BERLIN — German factory orders, a leading indicator of the health of Europe’s biggest economy, dropped sharply in July, erasing the previous month’s gains.The Federal Statistical Office reported Thursday that industrial orders dropped 2.7% in July from June when adjusted for seasonal and calendar factors, wiping out a 2.7% June increase.Domestic orders dropped 0.5% while foreign orders fell 4.2% compared with June.The Economy Ministry says “ongoing growing international trade conflicts and restrained expectations from manufacturing businesses indicate no fundamental improvement in industrial growth in the coming months.”Germany’s economy contracted by 0.1% in the April-June period. It’s expected to decline again this quarter, placing it in a technical recession.ING economist Carsten Brzeski says the drop in orders “doesn’t bode well at all” for the third quarter.The Associated Press read more

France LNH Round 25 HBC Nantes with a setback in the fight

← Previous Story Piotr Chrapkowski moves to Vive Targi Kielce Next Story → Handball TV: VELUX EHF FINAL4 in 140 countries aixCesson-RennescreteilHBC NantesMontpellierNantesselestatst raphaeltremblay HBC Nantes have made a surprising draw at home against huge underdog Cesson-Rennes, and with this draw they’ve greatly lowered their chances for a possible TOP 3 end in the French LNH. While Montpellier won away at Tremblay with 38-35, the draw for HBC Nantes now means that even the place that guarantees them an EHF Cup place next season is endangered, as Chambery are two points behind, but with a game in hand.Scores Round 25: Toulouse 34:36 PSG Handball, Creteil 29-28 Aix, Billere 24-34 St Raphael, Nantes 25-25 Cesson, Selestat 27-21 Ivry, Tremblay 35-38 Montpellier read more