German industrial orders slump less than expected

German industrial orders posted a smaller-than-expected month-on-month drop in June, data showed on Thursday.

Orders for industrial goods fell by 0.4% on the month in seasonally adjusted terms, figures from the Federal Statistical Office showed.

In a Reuters poll, analysts had predicted a 0.8% decline in June.

Orders also fell in May, by 0.2%, a downward revision after the office initially reported 0.1% growth that month.
Source: Reuters