German manufacturing orders unexpectedly drop in April

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German manufacturing orders plunged in April, as the Ukraine war continued to weigh on the sector.

Manufacturing orders fell 2.7% on month in adjusted terms, according to data from the German Economics Ministry released Tuesday.

Economists polled by The Wall Street Journal had expected orders to rise by 0.5%.

Foreign orders in April decreased 4.0% on month. New orders from the eurozone fell 5.6% and new orders from other countries decreased 3.0%. Domestic orders registered a decline of 0.9%.

Manufacturing orders fell 6.2% in April on an annual basis, the ministry said.

German industrial production data for April is due to be published Wednesday.

Write to Maria Martinez at maria.martinez@wsj.com

This article was originally published by Marketwatch.com. Read the original article here.

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