Economic Indicators
German industrial orders slump less than expected
2022.08.04 09:46
Workers assemble campers at Knaus-Tabbert AG factory in Jandelsbrunn near Passau, Germany, March 16, 2021. Picture taken March 16, 2021. REUTERS/Andreas Gebert
BERLIN (Reuters) – German industrial orders posted a smaller-than-expected month-on-month drop in June, data showed on Thursday.
Orders for industrial goods fell by 0.4% on the month in seasonally adjusted terms, figures from the Federal Statistical Office showed.
In a Reuters poll, analysts had predicted a 0.8% decline in June.
Orders also fell in May, by 0.2%, a downward revision after the office initially reported 0.1% growth that month.
