German electrical industry records sharpest order slump in 4 yrs bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
Large orders from abroad brought a surprising increase in orders to German industry in June. But economists still do not see a trend reversal in the economy. The strong growth in orders is not yet reflected in sales: real sales in the manufacturing sector were 1.6 percent lower in June than in the previous month. The picture is also less good when looking at the second quarter as a whole: From April to June, orders increased by only 0.2 percent compared to the previous period, according to the Federal Statistical Office.
BERLIN, May 8 (Xinhua) German industry produced 3.4 percent less in March than in the previous month, after output had risen for two months in a row at the s