05-05-2022, 07:18 PM
![[Image: 01102021-Gernamy-industry-steel_Thyssen-Twitter.jpg]](https://media.thevibes.com/images/uploads/covers/_large/01102021-Gernamy-industry-steel_Thyssen-Twitter.jpg)
BERLIN – German industrial orders dropped sharply in March, official data published today showed, as the Russian invasion of Ukraine hit demand.
Incoming orders were down 4.7% on the previous month in March, according to the federal statistics agency Destatis.
The drop was a “visible” indication of the impact the war in Ukraine is having on the German economy, the Economy Ministry said in a statement.
“Increased uncertainty is reflected in much more restrained demand, especially from the non-euro area,” the ministry said.
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