Fastest rate of decline
Source: Agencies |
June 6, 2012, Wednesday
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Print Edition
Print Edition
GERMAN industrial orders fell at their fastest rate since November 2011 in April as orders from abroad dried up, adding to signs that Europe's largest economy is heading for a slowdown.
Seasonally and price-adjusted order intake sank 1.9 percent on the month, Economy Ministry data showed yesterday, below the expectations for a fall of 1 percent in a Reuters poll of 34 economists.
The fall was driven by a 3.6 percent drop in orders from abroad. Orders for consumer and capital goods declined by 5 percent and 3.3 percent respectively.
Seasonally and price-adjusted order intake sank 1.9 percent on the month, Economy Ministry data showed yesterday, below the expectations for a fall of 1 percent in a Reuters poll of 34 economists.
The fall was driven by a 3.6 percent drop in orders from abroad. Orders for consumer and capital goods declined by 5 percent and 3.3 percent respectively.
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