This content is not available in your region

German industrial orders slump 4.2 percent in February

Access to the comments Comments
German industrial orders slump 4.2 percent in February
FILE PHOTO: A worker controls a tapping of a blast furnace at Europe's largest steel factory of Germany's industrial conglomerate ThyssenKrupp AG in Duisburg, Germany December 6, 2012. REUTERS/Ina Fassbender/File Photo   -   Copyright  Ina Fassbender(Reuters)
Text size Aa Aa

BERLIN (Reuters) – German industrial orders fell unexpectedly in February, registering their biggest drop in more than two years, data showed on Thursday, compounding worries that Europe’s largest economy had a weak start to the year.

Contracts for German goods slumped by 4.2 percent, data from the Economy Ministry showed, compared to a fall of 2.1 percent in January, revised from a drop of 2.6 percent.

The fall was the sharpest since January 2017 and confounded forecasts for a 0.3 percent increase.

(Reporting by Madeline Chambers; Editing by Michelle Martin)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.