Search
Close this search box.

Industry

Factory orders down 11.8% in Germany year-on-year in June

ISTANBUL: Factory orders in Germany dropped by 11.8% in June on a yearly basis, the federal statistical authority Destatis revealed on Tuesday.

In May, factory orders also fell by 8.7% year-on-year, Destatis’ data showed.

On a monthly basis, orders …

Retail sales down in eurozone in June

ISTANBUL: Retail sales volume decreased by 0.3% in the euro area in June on yearly basis, the-27 member block’s statistical authority Eurostat announced on Tuesday.

The volume of retail trade decreased for food, drinks, tobacco by 0.7%, increased for…

EU countries in 2023 boosted RandD budgets 5%

ISTANBUL: The EU-wide total for government budget allocations for research and development (RandD) in 2023 was $135 million, up 5.3% ($128 million), Eurostat said Tuesday.

This corresponds to 0.73% of gross domestic product (GDP) in 2023, said the bl…