German industrial orders show surprise drop in May: ministry

7th July 2010, Comments 0 comments

German industrial orders posted a surprise decline in May, falling by 0.5 percent from the level the previous month, provisional data from the economy ministry showed on Wednesday.

The result in Europe's biggest economy will likely fuel concern over the possibility of a "double dip" recession for the 16-nation eurozone.

© 2010 AFP

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