It is understood that the German Engineering Federation (VDMA) data show that in October of this year, Germany in October), after adjustment for inflation aircraft and machinery orders expanded on-year decline of 10% (down 6% in September), during the period , so that weak demand from outside the euro area export orders fell, dragged down by foreign orders was down 14%, still lower than in September fell 16%; domestic orders fell by 2 percent in turn also, reversing September surged 21%. 

    VDMA chief economist Ralph Wiechers noted that foreign orders fell mainly because of weak demand for non-euro-zone, which may be part of the emerging market currency volatility related. Orders outside the euro area in October plunged 17 percent on-year, the euro is only a reduction of the order of 1%.