Summary Box: German industrial orders drop in Jan.

AP News

3/7/2012 3:02:58 PM - AP News

ORDERS DOWN: German industrial orders unexpectedly dropped 2.7 percent in January from December. Economists had predicted a small rise in orders.

LOW DEMAND: The drop was attributed to an unusually low number of big-ticket orders and a sharp drop in demand from abroad, including an 8.6 percent drop in orders from outside the Eurozone. The number of orders for big items like ship and trains was well below average for the month.

GERMANY STRONGER: Orders from inside Germany were up 0.9 percent for the month.