German industrial orders drop in Sept on foreign demand slump
BERLIN (Reuters) – German industrial orders fell more than expected in September, weighed down by a sharp fall in foreign demand, data showed on Friday.
New orders fell by 4.0% on the month on a seasonally and calendar adjusted basis, the Federal Statistics Office said. While domestic orders increased by 0.5%, foreign orders decreased by 7.0%.
A Reuters poll of analysts had pointed to a fall of 0.5% in September.
(Writing by Paul Carrel, editing by Kirsti Knolle)