Industrial rebound in Europe’s largest economy delayed
- German manufacturing orders fell unexpectedly in March
- Orders were 0.4% lower than the prior month
- Lower orders of aircrafts, ships, and trains, as well as metal products drove down the overall performance
- Germany’s key car industry helped offset some of the decline
- Foreign orders rose 2.0% but domestic orders declined 3.6%
German manufacturing orders fell unexpectedly in March, with a 0.4% decrease compared to the prior month. This decline was driven by lower orders of aircrafts, ships, trains, and metal products. However, the decline was partially offset by the rise in orders from Germany’s key car industry. Foreign orders increased by 2.0%, but domestic orders declined by 3.6%, indicating low demand among German firms and consumers. Industrial-production data for March is set to be published on Wednesday.
Factuality Level: 9
Factuality Justification: The article provides specific data and statistics from the German statistics office Destatis, as well as information on the expectations of economists. It presents a clear picture of the decrease in manufacturing orders in Germany, the sectors affected, and the contrast between foreign and domestic orders. The article does not contain irrelevant information, misleading details, sensationalism, redundancy, or opinion masquerading as fact. Overall, it is well-researched and provides accurate and objective information.
Noise Level: 3
Noise Justification: The article provides relevant information about the unexpected fall in German manufacturing orders in March, including specific details about the sectors affected and the contrast between foreign and domestic orders. It stays on topic and supports its claims with data. However, it lacks in-depth analysis of long-term trends or solutions to address the decline.
Financial Relevance: Yes
Financial Markets Impacted: German manufacturing orders falling unexpectedly may impact the stock market and companies in the manufacturing sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the unexpected decline in German manufacturing orders, which can have implications for the financial markets and companies in the manufacturing sector. However, there is no mention of an extreme event or its impact rating.
Key People: Ed Frankl (Author)
www.marketwatch.com 
