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German industrial orders fall in June

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 (Aug 6).

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 (Aug 6).

Industrial orders were down 3.2 per cent 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 per cent.

The office said that domestic orders declined by 1.9 per cent and export orders were down by 4.1 per cent compared with the previous month. Orders from the eurozone plunged by 10.4 per cent, while orders from outside the eurozone stagnated. By sector, orders for semi-finished goods edged up by 1.6 per cent, while orders for capital goods were down by 6.4 per cent and orders for consumer goods slipped by 0.4 per cent.

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