German Industrial Orders Fall More Than Expected in November

German Industrial Orders Fall More Than Expected in November
A steel worker of ThyssenKrupp stands amid sparks of raw iron coming from a blast furnace at a ThyssenKrupp steel factory in Duisburg, western Germany, on Nov. 14, 2022. Wolfgang Rattay/Reuters
Reuters
Updated:

BERLIN—German industrial orders saw their sharpest drop in more than a year in November on falling foreign demand, decreasing by 5.3 percent on the month on a seasonally and calendar adjusted basis, the federal statistics office said on Friday.

A Reuters poll of analysts had pointed to a 0.5 percent fall, after a downwardly revised rise of 0.6 percent in October.