Thanks to numerous large orders, German industry once again received significantly more orders in June. According to the Federal Statistical Office, orders rose by 7.0 percent in a monthly comparison.
Analysts were surprised by the development. They had expected a setback and had assumed an average decline of 2.0 percent.
As in May, large-volume orders, which can fluctuate significantly over time, provided the impetus. The Federal Office also announced that incoming orders, excluding major orders, fell by 2.6 percent in June.
The increase in May was revised slightly downwards, from 6.4 percent to just 6.2 percent. In the period from April to June, incoming orders were almost unchanged compared to the three months before, as the Federal Office further announced. The slump in orders in German industry of almost eleven percent in March was thus compensated.
In a statement by the Federal Ministry of Economics, it was said that incoming orders were “characterized by strong fluctuations and special effects due to large orders”. The prospects for industrial activity remain subdued in view of the gloomy business climate and the weak global economy.
