Germany's factory orders fall more than forecastStaff Writer | June 7, 2017
Germany's factory orders declined more than expected in April, figures published by Destatis revealed Wednesday.
Germany Orders were forecast to drop slightly
Orders were forecast to drop slightly by 0.3%. This was the first fall in three months.
Excluding major orders in manufacturing, new orders remained unchanged in April.
Domestic orders slid 0.2% and foreign orders decreased 3.4% from the previous month. Orders from the euro area declined 1.4% and that from other countries fell 4.8%.
Data showed that manufacturing turnover advanced 1.3% from March, when it dropped by revised 0.3%. ■