India, March 7 -- Germany's industrial orders declined more than expected in January reflecting sharp decreases in orders for machinery and transport equipments.
Industrial orders fell 7.0 percent month-on-month in January, in contrast to the revised 5.9 percent rise in the previous month, data from Destatis showed on Friday. Economists had forecast a moderate 2.8 percent fall for January.
Excluding large-scale orders, new orders were down 2.7 percent from the previous month.
New orders in the manufacture of machinery and equipment plunged 10.7 percent and that of other transport equipment slid 17.6 percent.
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Both domestic and foreign orders decreased i...