Open Demo Account
Home / Market Update / German Factory Orders miss estimates

German Factory Orders miss estimates

Adel 6 April, 2022 12:55 pm Market Update

The German Factory Orders declined more than expected in February, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is in the doldrums. Contracts for goods ‘Made in Germany’ dropped by 2.2% on the month vs. -0.2% expected and 1.8% last, the latest data published by the Federal Statistics Office showed on Wednesday.

Tags

Check Also

BoE’s Dhingra: Global Trade Shocks Exceed Monetary Policy Limits, Independent Central Banks Remain Vital

Bank of England (BoE) Monetary Policy Committee member Swati Dhingra has articulated a critical perspective …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends