FRANKFURT, June 07 (AFP): German industrial orders fell for the third month in a row in April, official data published Tuesday showed, as Russia's war in Ukraine dampened the outlook for Europe's largest economy.
New orders fell by 2.7 per cent over the previous month, according to figures provided by the economy ministry.
The renewed drop was "primarily due to the escalation of the Ukraine conflict", the ministry said in a statement.
Overall, incoming orders were 6.2 per cent below their level of a year ago, when the coronavirus pandemic was weighing more heavily on industry.
The fall was seen particularly in capital goods, used in production, which decreased 4.3 per cent compared with the previous month.
Orders for consumer goods were down 2.6 per cent, while those of intermediate goods dipped 0.3 per cent.
Within Germany, the incoming volume of orders fell by 0.9 per cent, while those from abroad fell by four per cent, with demand from the eurozone.
German industrial orders fall again
FE Team | Published: June 07, 2022 22:33:11
German industrial orders fall again
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