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German industrial orders fall more than expected in April -Breaking

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© Reuters.

BERLIN (Reuters), – German industrial orders dropped more than anticipated in April. This was due to weaker demand and increased uncertainty following the Russian invasion in Ukraine. Data were released Tuesday.

The Federal Statistical Office reported that orders for industrial goods fell 2.7% month-on-month in seasonally adjusted terms, following a downwardly revised decrease of 4.2% in March.

According to Reuters, analysts saw an increase in the number of people who visited April’s month.

 

 

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