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Germany sees sharpest dive of industrial orders since beginning of 2017

Orders in the industrial sector of Germany ran down exceeding forecasts in June, recording the biggest monthly decline in much over a year, which signals of possible production easing in the country in the next few months.

Photo: REUTERS/Ina Fassbender/

In June a 4.0% fall in orders for Germany-produced goods was observed following a 2.6% rise in May. The data is far down from an experts’ estimate in a poll by Reuters that had shown a 0.4% drop.

Bleak reading on new orders demonstrates how trade disagreements affect the leading economy of Europe, which is likely to continue in the second 6 months, said Carsten Brzeski of ING Bank.

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