German industrial orders fell 3.8 percent in April
German industrial orders fell 3.8% in April, exceeding forecasts. The decline followed a strong March and was driven by a drop in demand from the euro zone.
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Germany industrial orders fell 3.8% in April, exceeding the 2% decline predicted by analysts following a revised 4.5% increase in March. This retreat follows a period where firms pulled orders forward to hedge against price increases linked to Middle East tensions. The sharp reversal signals a potential contraction for the German economy during the second quarter.
