07 July 2010 16:17 [Source: ICIS news]
TORONTO (ICIS news)--Germany’s industrial orders fell 0.5% in May from April, after a revised increase of 3.2% in April from March, the country’s economics ministry said on Wednesday.
However, despite May’s decline, industrial orders continued on an upward trend and industrial production in ?xml:namespace>
The ministry attributed May’s decline to a fall in “big ticket” orders that resulted in declines in the metals industry.
On a two-month sequential comparison – April/May compared with February/March – orders rose 5.6%, the ministry said.
Compared with April/May 2009, orders rose 27.3%.
In related news on Wednesday,
German chemical production rose 13% in the first half of 2010, compared with the first half of 2009.
However, the Frankfurt-based group said it expected production to grow at a slower pace in the second half of 2010. The group maintained its earlier forecast of 8.5% full-year 2010 chemical production growth.
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