German VDMA Engineering Association says January orders -6% Y/Y (domestic -8% and foreign at -5%)

German VDMA Engineering Association says January orders -6% Y/Y (domestic -8% and foreign at -5%)

The drop in German orders by 6% year-over-year, particularly with domestic orders falling by 8%, signals weakening demand within the economy. This may indicate a slowdown in the manufacturing sector, potentially impacting growth projections and raising concerns about upcoming economic policy adjustments.