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German industrial orders fall

Frankfurt - German industrial orders, a key measure of demand for German-made goods both at home and abroad, fell in June, weighed down by declining foreign orders, data showed on Wednesday.

Industrial orders were down 3.2 percent in June compared with the previous month, the statistics office Destatis said in a statement.

In May, German factory orders had already declined by 1.6 percent.

The office said that domestic orders declined by 1.9 percent and export orders were down by 4.1 percent compared with the previous month.

Orders from the eurozone plunged by 10.4 percent, while orders from outside the eurozone stagnated.

By sector, orders for semi-finished goods edged up by 1.6 percent, while orders for capital goods were down by 6.4 percent and orders for consumer goods slipped by 0.4 percent. - Sapa-AFP

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