German industrial orders slump less than expected

German industrial orders slump less than expected

Summary : Workers assemble campers at Knaus-Tabbert AG factory in Jandelsbrunn near Passau, Germany, March 16, 2021. Orders for industrial goods fell by 0.4% on the month in seasonally adjusted terms, figures from the Federal Statistical Office showed.

In a Reuters poll, analysts had predicted a 0.8% decline in June.

Writing by Rachel More Editing by Riham Alkousaa

Workers assemble campers at Knaus-Tabbert AG factory in Jandelsbrunn near Passau, Germany, March 16, 2021. Picture taken March 16, 2021. REUTERS/Andreas Gebert

Orders for industrial goods fell by 0.4% on the month in seasonally adjusted terms, figures from the Federal Statistical Office showed.

In a Reuters poll, analysts had predicted a 0.8% decline in June.

Orders also fell in May, by 0.2%, a downward revision after the office initially reported 0.1% growth that month.

Writing by Rachel More Editing by Riham Alkousaa