![Germany](https://i0.wp.com/fintk2.com/wp-content/uploads/2016/08/Germany.png?resize=640%2C381&ssl=1)
German factories slammed on the brakes in June, hit hard by business from within the eurozone. Factory orders contracted by 3.1% on the year, an even sharper decline than the 1.5% contraction that economists had penciled in, and much worse than the revised flat reading in May. On the month, orders dropped by 0.4%, from 0.1% growth.