Order shrinkage surprises even expertsGerman industry received fewer orders in April for the third month in a row due to uncertainty caused by the war in Ukraine and weaker demand from China. This comes as a surprise: experts polled by Reuters news agency had expected a small growth of 0.3 percent. "Another reason is likely to be supply bottlenecks for many goods, which is why companies are ordering less of other inputs." The Association of German Chambers of Industry and Commerce (DIHK) sees great uncertainty in the economy. However, the industry is not currently lacking in orders, but in preliminary products such as computer chips.

Source: The Munich Eye June 09, 2022 05:08 UTC