The economy ministry in Berlin attributed the dent to a drop in more volatile larger orders, insisting that, overall, contracts had developed "very dynamically in the second half of 2017." And that would "lay the foundation for a strong start to the year for industry," the ministry said in a statement.
Analysts agreed. "The decrease comes after three consecutive increases and is more of a technical nature than any sign of weakness," said Carsten Brzeski, economist at ING Diba bank. "There is little reason to get concerned" about German industry, the expert said.