Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Ukraine war hits German industrial orders in March
[Image: 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.

- More -

Forum Jump:

Users browsing this thread: 1 Guest(s)