Germany's factory orders unexpectedly declined in April as coronavirus-linked lockdowns in China and supply chain disruptions dampened demand in the manufacturing sector, official data revealed on Tuesday.
Factory orders declined 2.7 percent on a monthly basis, following a revised 4.2 percent fall in March. This was the third consecutive decrease. Economists had forecast a moderate 0.3 percent growth for April.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.