Germany Factory Orders and Industrial Turnover

German manufacturing orders fell by 3.8% in April, missing consensus expectations and signaling a loss of momentum for the second quarter. Conversely, industrial turnover slightly increased, defying preliminary expectations of a decline.

Key Takeaways

• 1.German manufacturing orders declined by 3.8% in April, representing a notable downside surprise against consensus expectations.
• 2.Industrial turnover increased by 0.1% in April, outperforming preliminary estimates of a 0.9% decline.
• 3.The weakness in orders indicates a loss of momentum heading into Q2, though turnover remains relatively robust.

Table of Contents

• Germany: Factory Orders Drop Notably in April, Industrial Turnover Increases Slightly
• KEY NUMBERS:
• MAIN POINTS:
• Disclosure Appendix