Uncertainty over the US-EU trade agreement drags down Germany's industrial orders, which unexpectedly fell month-on-month in June

Due to the unclear prospects of the US-EU trade agreement, Germany's industrial orders fell by 1% month-on-month in June, marking a decline for the second consecutive month and falling short of market expectations. Although domestic demand remains stable and orders from the Eurozone have increased, the rise in US tariffs has put pressure on German industry. The German Ministry of Economy pointed out that uncertainty in trade and geopolitics has led to fluctuations in orders. Despite the challenges, the German government's fiscal commitments and corporate investment plans bring hope for economic growth, with GDP growth expected to remain stable in the third quarter