Economic Indicators
German industrial orders fall more than expected in April
2022.06.07 09:46
BERLIN (Reuters) – German industrial orders fell more than expected in April, the third decline in a row, driven by weakened demand and heightened uncertainty due to the Russian invasion of Ukraine, data showed on Tuesday.
Orders for industrial goods dropped by 2.7% on the month in seasonally adjusted terms after a upwardly revised decline of 4.2% in March, figures from the Federal Statistical Office showed.
A Reuters poll of analysts had pointed to an increase of 0.3% on the month in April.
