BERLIN, June 7 German industrial orders dropped
way more than expected in April, data showed on Wednesday,
suggesting this sector of Europe's largest economy started the
second quarter on a weak footing.
Factories saw their orders slump by 2.1 percent in April
after contracts for 'Made in Germany' goods rose in the previous
two months, data from the Economy Ministry showed.
That undershot by a long stretch the Reuters consensus
forecast for a 0.4 percent drop and followed a slightly upwardly
revised increase of 1.1 percent in March.
The Economy Ministry said the number of large-scale
contracts was below average for April and adjusted to take
account of that, orders would have been unchanged on the month.
A breakdown of the April data showed domestic demand
decreased by 0.2 percent and foreign orders slumped by 3.4
(Reporting by Michelle Martin; Editing by Madeline Chambers)