Germany Factory Orders Fall On Weak Foreign Demand

Germany factory orders declined unexpectedly in May driven by weak foreign demand, data published by Destatis showed on Tuesday. Manufacturing orders dropped 3.7 percent month-on-month in May, reversing a revised 1.2 percent rise in April and confounding expectations for an increase of 1 percent. Excluding major orders, new orders in manufacturing were down 3.7 percent.Original Article