Economics

German Factory Orders Unexpectedly Plunge Amid China Lockdowns

April orders down 2.7% from previous month; est. 0.4%
Economy faces uncertainty soaring energy costs, supply limits

German factory demand plunged 2.7% from March. — German factory demand plunged 2.7% from March.
Photographer: Krisztian Bocsi/Bloomberg

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By Carolynn Look

June 7, 2022 at 6:10 AM UTC

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German factory orders unexpectedly sank in April as harsh lockdowns in China pressured global supply chains, adding to disruptions caused by Russia’s invasion of Ukraine.