Germany's factory orders declined more than expected in April, data from Destatis revealed Monday.
Factory orders logged a monthly fall of 3.8 percent in April, in contrast to the 4.5 percent increase in March. Economists had forecast a fall of 2.2 percent.
On a yearly basis, orders grew 1.6 percent but slower than the 6.1 percent growth posted in March.
Data showed a significant decline of 5.3 percent in new orders in the automotive industry followed by a 16.3 percent fall in the manufacture of electrical equipment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.