Destatis released its factory orders data for Germany on Tuesday. German seasonal adjusted factory orders dropped 1.8% in August, missing expectations for a 0.5% increase, after a 2.2% fall in July. July's figure was revised down from a 1.4% decrease.

The decline was driven by a drop in foreign and domestic orders. Foreign orders decreased by 1.2% in August, while domestic orders fell by 2.6%.

New orders from the Eurozone rose 2.5% in August, while orders from other countries slid 3.7%.

Orders of the intermediate goods fell by 0.4% in August, capital goods orders were down 2.8%, while consumer goods orders decreased 1.5%.