BERLIN Aug 6 German industrial orders posted
their biggest monthly fall since September 2011 in June as
geopolitical developments and risks made companies more cautious
about taking out contracts, data from the Economy Ministry
showed on Wednesday.
Contracts fell by 3.2 percent on the month.
The reading missed the Reuters consensus forecast for a 1.0
percent increase and undershot even the lowest estimate for a
decrease of 0.5 percent. The data for May was revised up to a
drop of -1.6 percent from a previous -1.7 percent.
Bookings from the euro zone tumbled by 10.4 percent while
domestic orders were down by 1.9 percent.
(Reporting by Michelle Martin)