German industrial orders drop 1.9pc in April

05 Jun, 2012

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.

Copyright AFP (Agence France-Presse), 2012

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