Arab Today, arab today german orders fall sharply amid slowdown in foreign trade
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German orders fall sharply amid slowdown in foreign trade

Arab Today, arab today

Arab Today, arab today German orders fall sharply amid slowdown in foreign trade

German orders fall sharply amid slowdown in foreign trade
Berlin - QNA

German factory orders fell sharply in April as a slump in foreign demand highlighted the impact on Europe's biggest economy of a slowdown in global trade. 
Monthly industrial orders contracted by a more-than-forecast 2 % in April after bounding ahead by an upwardly revised 2.6 % in March, the German Ministry of Economics said on Monday. 
Order books shrunk 0.5 % from April last year. 
The fall in April was more than four times the 0.5 % decline predicted by analysts. The ministry had previously estimated the April increase at 1.9 %. 
Leading the drop in April was a 4.3% drop in foreign orders after demand from outside the Eurozone plunged by 8.3 %. 
Orders from Germany's key Eurozone trading partners rose by 2.5 %. 
Domestic orders were up a solid 1.3 % in April, the ministry said. 

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