German factory orders fell sharply in machinery, equipment, and miscellaneous vehicle production Factory orders in Germany dropped in April amid persistently high prices that caused a decline in large-scale purchases, data from the country’s federal statistics office Destatis showed on Tuesday. Overall new orders in manufacturing fell by 0.4% from the previous month. The drop in bookings was smaller than in March, when they plummeted 10.9% from February, the biggest fall since April 2020 during the Covid-19 lockdowns. However, the decline was notable in comparison to last year’s figures, with orders plunging 9.9%
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