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German industrial orders slump less than expected

Reuters
Workers assemble campers at Knaus-Tabbert AG factory in Jandelsbrunn

BERLIN (Reuters) - 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.

(Writing by Rachel More; Editing by Riham Alkousaa)