• Prior -2.2%; revised to -0.8%
  • Factory orders -3.1% y/y
  • Prior +2.9%; revised to +4.3%

That's a poor reading as German factory orders tumble mainly due to a drop in orders abroad. Foreign orders decreased by 6.7% in the month of March while domestic orders also saw a drop of 1.8% on the month. Manufacturing turnover was also seen down 5.9% on the previous month with supply bottlenecks still weighing on overall conditions.