🇩🇪 German Factory Orders (MoM) (Mar) Actual: -10.7% Expected: -2.2% Previous: 4.8%
Big'ol miss!
The vehicle construction sector had a particularly strong impact on the result, with incoming orders falling by 47.4% compared with the previous month.
Foreign orders fell by 13.3% from the previous month while domestic orders decreased by 6.8%
“This is the strongest decline since the breaking down of new orders in April 2020 as a result of the corona pandemic.” - DeStatis
