Ukraine war hits German industrial orders in March

[superadmin]

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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