German industrial orders fell unexpectedly in November, sapped by a decline in large orders, showing that a recovery in the industrial sector is not in sight.
Industrial orders declined by 5.4% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Wednesday. Analysts polled by Reuters had forecast no change.
Excluding large orders, orders were 0.2% higher than the previous month, the statistics office said.
In a less volatile three-month comparison, incoming orders between September and November were 1.7% higher than the previous three months.
