Seasonally and price-adjusted new factory orders in Germany declined by 11.3% in January compared to the previous month, the country’s Federal Statistical Office Destatis revealed in a report published on Thursday. Foreign orders dropped by 11.4% compared to December, while domestic orders declined by 11.2%. New orders from the euro area plunged by 25.7%, while new orders from other countries increased by 1.6% month on month. New orders of intermediate goods decreased by 9.3% and capital goods orders plummeted by 13.1%, while orders of consumer goods declined by 5.7%. On an annual basis, calendar-adjusted new factory orders decreased by 6% in January. NN: This is known as a economic slow own. No matter how much blue sky them try to blow up your ass oil demand is plunging.