Editions:  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.

AFP/hc

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.
Advertisement

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement