German engineering orders deepen decline in March, reports VDMA

[admin]

German manufacturers deepened a decline in their order books in March, but economists pointed to a high comparative base of the previous year's period and hinted at potential signs of easing, the VDMA association reported on Friday. "It therefore comes as no surprise that the decline in orders was greater in this month than in the first two months of this year," VDMA's economic expert Olaf Wortmann said.