BERLIN: Industrial orders in Germany fell more sharply than expected in April, weighed down by a noticeable 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 pencilling in 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.
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