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Orders for production in Germany in March fell more than expected


Maria Martinez

Production orders in Germany declined in March, mainly due to falling orders from abroad.

Production orders fell 4.7% month-on-month in an adjusted measurement after a revised decline of 0.8% in February, according to the Federal Statistics Office Destatis, released on Thursday.

Economists polled by The Wall Street Journal expected the number of orders to drop by 0.5%.

Orders for capital goods fell 8.3% in March. Manufacturers of intermediate goods decreased by 1.5% year-on-year. Consumer goods orders rose 6.4%, according to Destatis.

Foreign orders in March decreased by 6.7% compared to the month. New orders from the euro area grew by 5.6%, while new orders from other countries fell by 13.2%. Domestic orders fell by 1.8%.

Production orders in March fell by 3.1% year on year, according to the statistical office.

Data on industrial production in Germany for March are due to be released on Friday.

Write to Maria Martinez at maria.martinez@wsj.com

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