German Industrial Orders Decline by 0.4% in April, Surpassing Expectations
The Federal Statistical Office of Germany has reported a decline in industrial orders for the month of April, primarily driven by a decrease in large orders. However, the figures still surpassed analysts’ expectations. Following seasonal and calendar adjustments, industrial orders experienced a 0.4% drop on a month-on-month basis. This result contrasts with analysts’ predictions of …
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