The number of new orders in the German industry in July by 2.8 percent. That downward trend was mainly caused by the number of new orders from foreign capital goods by 12.8 percent.
Economists had previously a contraction of new orders of 1.5 percent predicted. According to figures from the German Ministry of Economics, says RTL Z
Although the number of orders is growing less rapidly, according to the Ministry is still noted an upward trend. In June and July the number of orders, compared with April and May along with 1.1 percent.
Annual industrial orders rose by 8.7 percent in July.