A steel worker of ThyssenKrupp stands amid sparks of raw iron coming from a blast furnace at a ThyssenKrupp steel factory in Duisburg, western Germany, November 14, 2022.
REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsBERLIN, Sept 6 (Reuters) - German industrial orders fell more than expected in July, pulling back after a sharp gain in the aerospace sector the previous month, the federal statistics office said on Wednesday.
Incoming orders fell by 11.7% on the previous month on a seasonally and calendar adjusted basis.
A turnaround is not in sight due to the weak global economy and high energy costs."
Excluding large-scale orders, industrial orders would have increased by 0.3% in July.
Persons:
Wolfgang Rattay, Thomas Gitzel, Alexander Krueger, Hauck Aufhaeuser Lampe, Friederike Heine, Miranda Murray, Maria Sheahan, Raju gopalakrishnan
Organizations:
REUTERS, Rights, VP Bank Group, Thomson
Locations:
ThyssenKrupp, Duisburg, Germany