German factory orders unexpectedly fell by 0.2% in April, marking the fourth consecutive month of decreases.
German factory orders unexpectedly fell by 0.2% in April, marking the fourth consecutive month of decreases. The decline was largely due to a significant reduction in large-scale orders, particularly in the transport equipment sector. This follows a 0.8% drop in March, twice as bad as the initial reading. Despite exports benefiting from robust global growth, Germany's manufacturing sector continues to struggle while services improve.
June 06, 2024
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