German industrial orders, a key measure of demand for goods in Europe's top economy, declined in December, weighed down by falling domestic and euro zone demand, the economy ministry said today.
Provisional official data showed a decrease in orders of 0.7% month-on-month in December, following an increase of 1.5% in November.
Analysts polled by financial services firm FactSet had pencilled in a slightly shallower decline of 0.3% for December.
The drop was attributable to weaker domestic and euro zone demand for German-made goods.
Euro zone orders fell by 6.9% while domestic orders were down 2.5%, the ministry calculated.
Orders from outside the euro zone increased by 5.5% and foreign orders overall were up 0.6%, the figures showed.