German factory orders posted the biggest decline since the onset of the coronavirus pandemic in 2020, suggesting that manufacturing weighed on the economic activity in the first quarter.
Factory orders decreased by a more-than-expected 10.7 percent month-on-month in March, offsetting the revised 4.5 percent increase in February, data released by Destatis showed on Friday. Orders were forecast to drop moderately by 2.2 percent.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.