Industrial orders drop in April amid lower demand

6th June 2005, Comments 0 comments

6 June 2005, BERLIN - German industrial orders dropped 2.9 percent in April from March, reflecting a strong downturn in foreign demand, the economics ministry reported on Monday in Berlin.

6 June 2005

BERLIN - German industrial orders dropped 2.9 percent in April from March, reflecting a strong downturn in foreign demand, the economics ministry reported on Monday in Berlin.

The ministry said foreign orders fell by 5.2 percent in the month, while domestic demand continued to remain weak, dropping 0.6 percent.

The April orders downturn had come after a 2.1 percent rise in March.

The ministry said that after a robust start to the year, the latest orders figures point to a period ahead of only moderate performance for German industry.

In two-month comparisons to compensate for short-term factors, industrial orders in the March-April period were down 0.4 percent from the preceding January-February time frame, Berlin said. While foreign orders dropped 1.3 percent in the March-April period, domestic demand showed a slight 0.5 percent gain.

On a year-to-year basis, orders for March-April were down 0.5 percent from the same two months of 2004. That drop resulted from a 2.8 percent downturn in domestic demand, as against a 2.1 percent rise for foreign orders, the ministry said.

DPA

Subject: German news

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