BERLIN: Factory orders dropped sharply in April, adding to worries about stagnation in the industry. The Federal Statistical Office yesterday said that new orders in manufacturing decreased 2 percent in April from March.
It also revised up March’s figure to an increase of 2.6 percent over February, instead of 1.9 percent. April’s decrease was caused by a 4.3 percent drop in foreign orders, primarily from outside the eurozone, while domestic orders increased 1.3 percent. Orders from outside the eurozone decreased 8.3 percent compared with the previous month.
