May 5 (Reuters) – German industrial orders fell significantly more than expected in March, decreasing by 10.7% from the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Friday.
A Reuters poll of analysts had pointed to a 2.2% decrease.
It marks the largest month-on-month decline since 2020 at the height of the COVID-19 pandemic.
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%.
The statistics office publishes more economic data on its website .
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Morning Briefing
PM vows stable energy supply as inflation gap with euro area widens
Prime Minister Robert Abela has reassured social partners that Malta’s supply and pricing of oi...
Morning Briefing
PM vows stable energy supply as inflation gap with euro area widens
Prime Minister Robert Abela has reassured social partners that Malta’s supply and pricing of oi...
Updated 1215
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