German Factory Orders plunge by 10.7% MoM in March vs. -2.2% expected

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German Factory Orders plunge by 10.7% MoM in March vs. -2.2% expected
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German Factory Orders plunge by 10.7% MoM in March vs. -2.2% expected Germany EconomicIndicator IndustrialProduction EURUSD

German Factory output tumbled by 11.0% YoY in March vs. -8.3% expected.The German Factory Orders data showed a much bigger-than-expected drop in March, suggesting that the manufacturing sector recovery is faltering.

On an annualized basis, Germany’s Industrial Orders arrived at -11.0% in the reported month vs. -8.3% expected and a -6.0% slump seen in Februrary.The shared currency stands resilient to the downbeat German factory data. At the time of writing, Information on these pages contains forward-looking statements that involve risks and uncertainties.

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