Industrial orders in Germany fell 2,8% month-on-month in July, more than the 1,5% decline expected by analysts. This was announced today by the German Ministry of the Economy, which also underlined how, despite the weakening of recent months, the growth trend in the manufacturing sector still remains solid.
More specifically, orders from the German market recorded a growth of 3,6% while those from abroad showed a decrease of 7,4%. On an annual basis, orders instead showed a drop of 5,5%.
Germany: industrial orders are down 2,8% in July, worse than expected
The domestic market showed an increase of 3,6%, while the foreign market showed a contraction of -7,4%. However, the German Economy Minister said he was confident of a recovery of the positive trend.
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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