German industrial orders unexpectedly drop in January


BERLIN (Reuters) – German industrial orders fell unexpectedly in January, data showed on Friday, in a further sign that Europe’s largest economy had a subdued start to 2019.

Contracts for ‘Made in Germany’ goods were down by 2.6 percent, data from the Federal Statistics Office showed. The figure for December was revised up to a rise of 0.9 percent from a previously reported drop of 1.6 percent.

The decrease in January confounded forecasts for a 0.5 percent increase.

Reporting by Michelle Martin; Editing by Tassilo Hummel

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