Germany April factory orders -2.7% vs +0.3% m/m expected

  • Latest data released by Destatis - 7 June 2022
  • Prior -4.7%

Slight delay in the release by the source. No details being provided just yet by the German stats office but one can figure that the sanctions against Russia and rising prices are two key reasons for the worsening sentiment. This just adds to more worries on the German economy aid soaring energy costs and supply constraints.

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