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Germany’s April factory orders fall on weak export demand

by ChemOrbis Editorial Team -
  • 06/06/2016 (10:29)
According to data released by Germany’s Economy Ministry, the country’s factory orders fell in April due to weaker demand for investment goods from outside the eurozone. Factory orders fell 2% on a seasonal swings and inflation adjusted basis in April from March’s revised gain of 2.6%. This also exceeded economists’ estimates of a 0.5% drop. On a yearly basis, meanwhile, Germany’s factory orders declined 0.5% in April.

The data showed that export orders fell 4.3% due to a 13.3% decrease in investment-goods demand from outside the eurozone after exports increased 11% in the previous month. Orders from the eurozone rose 2.5% while domestic orders climbed 1.3%, increasing for a third consecutive month in April.
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