Germany's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Drop in foreign demand hits industrial orders

Share this article

Drop in foreign demand hits industrial orders
Photo: DPA
16:24 CEST+02:00
Industrial orders in Germany fell more sharply than expected in April, hit hard by a drop in foreign orders, new data showed on Tuesday.

The economy ministry said in a statement that industrial orders fell by 1.9 percent in April from March, partially wiping out the 3.2-percent increase seen the previous month.

Analysts polled by Dow Jones had been expecting a more modest decline of around 1.0 percent.

The number of big-ticket orders in April was "below average," the ministry said.

Furthermore, the decline in the overall figure was largely due to a 3.6-percent decline in foreign orders, while domestic orders edged up by 0.4 percent.

By sector, orders for capital goods were down by 3.3 percent month-on-month in April and consumer goods orders dropped by 5.0 percent, while orders of semi-manufactured goods rose by 0.9 percent, the data showed.


Get notified about breaking news on The Local

Share this article



The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.