German Engineering Orders Up 5% Overall but Domestic Demand Falls 2%
Domestic orders fell 2 percent while foreign orders rose 9 percent year-over-year, according to VDMA data released for the three-month span.
rte.ieGerman engineering orders increased 5 percent in the February-April period compared with the same three months a year earlier. Domestic orders declined 2 percent over the same span, while foreign orders rose 9 percent. VDMA released the figures covering the February-April period.
The industry association reported the breakdown between domestic and foreign demand. The data showed foreign orders accounted for the entire net gain recorded in the three-month window.
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