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Germany's factory orders fall more than forecast

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Staff Writer | June 7, 2017
German private sector
Germany   Orders were forecast to drop slightly

Germany's factory orders declined more than expected in April, figures published by Destatis revealed Wednesday.

Manufacturing new orders declined 2.1% month-on-month in April, reversing a revised 1.1% increase in March.

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%.

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