It seems that things have been deteriorating at financial front in Germany, as it has been found that German factories' orders have declined the most this year. Experts affirmed that there are a number of reasons for decline in orders and main reason is swing in financial situation of the European Union.

It has been found that Europe is quite tense about the prevailing debt crisis. On top of it, economic growth is not moving at a great pace and all these and more factors have made the companies reduce their investment band.

Germnay, which boasts of being the largest economy of Europe, has been witnessing the signs of weakness. Experts affirmed that prevailing conditions have restricted people and businesses to spend much.

All these factors have reduced business confidence also, which is considered to be the lowest in last the two and half years. Nothing is going right at this point of time with Germany, as employment rate has also reduced.

Thomas Harjes, senior European economist at Barclays Plc, said the news is not all positive for the country. "We have a huge problem in the rest of the euro area that now seems to be reaching Germany and its labor market", he said.