Germany reported a sharp drop in factory orders in August, preliminary figures from the national statistics agency showed on Monday. Incoming orders fell 5.8% in August, Destatis said, after rising 3.9% in July, revised up from 2.9%. The latest figure – far beyond the 1.9% decrease expected by economists – marked the steepest decline in orders since January’s 10.9% drop. On a year-by-year basis, orders dropped 3.9% in August, after a 4.6% rise in July. The setback was partly attributed to a fall in large orders, especially in the category of “other vehicle manufacturing,” which includes the pr…