FXstreet.com (Barcelona) - Manufacturing orders have declined considerably in Germany in March, as demand by the domestic and Euro Zone markets, has declined considerably, according to the German Economics Ministry.
In March, factory orders have declined 0.6% from February, a somewhat sharper than the 0.2% expected decline. February's data has been revised down to a 0.6% decrease, from the 0.5% fall previously estimated.
On the year, orders have decreased 5.0%, disappointing the market expectations of a 5.7% increase, and february's data has been revised down to a 8.9% rise from the 9.0% increase previously released.
Foreign orders have fallen 0.4% on the month, while domestic demand declined 0.9%. On the other hand, non Euro Zone orders rose 2.1%, although demand from the Euro Zone countries has fallen 3.5%.