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Markets

German Factory Orders Plummet as War Weighs on Manufacturers

  • March orders down 4.7% from previous month; est. -1.1%
  • Economy faces uncertainty over energy supplies from Russia
Expectations for growth in Germany have been slashed since the war erupted at the end of February.

Expectations for growth in Germany have been slashed since the war erupted at the end of February.

Photographer: Krisztian Bocsi/Bloomberg

German factory orders fell more than anticipated after Russia’s invasion of Ukraine darkened the prospects for the economy by adding to inflation pressure and disrupting global supply chains.

Demand plunged 4.7% in March from the previous month, driven by a decline in orders from broad. That’s worse than all but one forecast in a survey of economists by Bloomberg, where the median estimate was for a 1.1% drop.