Arab Today, arab today german industrial orders drop in march
Last Updated : GMT 05:42:12
Arab Today, arab today
Arab Today, arab today

German industrial orders drop in March

Arab Today, arab today

Arab Today, arab today German industrial orders drop in March

Frankfurt - AFP

German industrial orders, a key measure of demand for German-made goods both at home and abroad, fell in March, weighed down by falling eurozone orders, data showed on Wednesday. Industrial orders were down 2.8 in March compared with the level the previous month, the economy ministry said in a statement. In February, factory orders had increased by 0.9 percent. The ministry said that domestic orders slipped by 0.6 percent and export orders were down by as much as 4.6 percent. Orders from the eurozone nose-dived by 9.4 percent. By sector, orders for semi-finished goods fell by 1.2 percent and orders for capital goods dropped by 3.6 percent, while orders for consumer goods tumbled by 5.3 percent. Taking January to March combined to iron out short-term fluctuations, overall orders stagnated, the ministry calculated.  

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