BERLIN, Oct 1 (Reuters) - German engineering orders in August dropped by 11 percent in real terms from the previous year, engineering industry association VDMA said on Monday, as domestic demand weakened considerably.
The drop was, together with April's 11 percent fall in orders, the biggest decline since February, when engineering firms took on 16 percent fewer new contracts.`
In the less volatile three-month comparison, orders fell by 4 percent in the June-August period.
"Domestic orders were once again disappointing. Foreign orders could not compensate for the decline this time," said VDMA chief economist Ralph Wiechers.
"A decline in orders from our partners in the euro zone (-9 percent) and from non-euro zone countries (-5 percent) is a sign of great uncertainty."
AUGUST CHANGE IN PCT overall -11 pct y/y of which German -18 pct y/y foreign -6 pct y/y JUNE-AUGUST CHANGE IN PCT overall -4 pct y/y of which German -12 pct y/y foreign 0 pct y/y
NOTE: The Economy Ministry is due to release overall German manufacturing orders data for August on Oct. 5.
(Reporting by Michelle Martin)
((MichelleHannah.Martin@thomsonreuters.com)(+49 30 2888 5223))
Keywords: GERMANY ENGINEERING/