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Factory Orders in Germany Fall 2%
Industrial orders in Germany, which climbed more than 3% from March to April, fell almost 2% from April to May, the country's Economy Ministry reports.
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Industrial orders in Germany, which climbed more than 3% from March to April, fell almost 2% from April to May, the country's Economy Ministry reports.
A 6% increase in May orders from the 18-member eurozone offset declines of 3% within Germany and 5% from countries outsize the eurozone.
The ministry attributes the decline to "a certain reservation" to geopolitical risks in Ukraine but forecasts continued moderate growth for the manufacturing sector. The Bundesbank has forecast Germany's overall economy will grow about 2% annually through 2015.
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