German Factories See Orders Drop in Sign of Enduring Weakness [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — German factory orders unexpectedly dropped in March — pointing to persistent weakness in a sector that's already lagging behind the improvement in the wider economy. Demand fell 0.4% from the previous month, defying economists' expectations for a 0.4% gain. Major orders drove the decline, without which there would have been growth of 0.1%, the statistics office said Tuesday in a statement. Article content Article content February's reading was also revised down to a 0.8% decrease, it said. The data show the fragility of Europe's biggest economy, whose overall prospects have been brightened after a contraction at the end of 2023. Sentiment indicators point to a more bullish mood among businesses and households. Manufacturing, which plays a bigger role in Germany than in other countries in the region, remains troubled. Surveys by S&P Global sh
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