Germany factory orders declined unexpectedly in May driven by weak foreign demand, data published by Destatis showed on Tuesday.
Manufacturing orders dropped 3.7 percent month-on-month in May, reversing a revised 1.2 percent rise in April and confounding expectations for an increase of 1 percent. Excluding major orders, new orders in manufacturing were down 3.7 percent.
Domestic orders grew 0.9 percent, while foreign demand went down 6.7 percent in May. New orders from the euro area decreased 2.3 percent, and new orders from other countries fell 9.3 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.