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German industrial orders unexpectedly dropped 2.9% in July, driven by a decline in large-scale orders.
German industrial orders fell by 2.9% in July, lower than the predicted 0.5% increase.
This decline was largely due to a significant drop in large-scale orders, especially in the transport equipment sector, including aircraft and ships.
Excluding these large orders, new orders saw a 0.7% increase from the previous month.
Despite the drop, the three-month average for new orders showed a 0.2% increase.
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Los pedidos industriales alemanes cayeron inesperadamente un 2,9% en julio, debido a una disminución de los pedidos a gran escala.