FRANKFURT: The Germany’s industrial orders have decreased 0.2 per cent on month-on-month after witnessing 2.2 per cent increase in April.
According to provisional official data, the Domestic orders in the Europe’s top economy fell by 0.6 percent, while export orders edged up by 0.2 percent.
Orders from the eurozone were down 1.5 percent, while orders from outside the single currency area grew by 1.2 percent. The economy ministry said that looking at data for April and May combined, factory orders increase by 2.7 percent compared with February and March.
The trend, therefore, “remains pointed upwards, particularly for foreign orders,” the ministry said. “German industry is gaining momentum.”
