Germany's VDMA says German Engineering Orders -8% in Dec-Feb Y/Y (Domestic Orders -6%, Foreign Orders -8%)
Germany's engineering orders have declined significantly, with an overall drop of 8% year-over-year, driven by a 6% decrease in domestic orders and an 8% drop in foreign orders.
UK S&P Global Manufacturing PMI Final (Mar) 51.0 vs. Exp. 51.4 (Prev. 51.7, Low. 49.9, High. 51.9)
BoJ new Board Member Asada does not comment on any specific stance
Germany's VDMA says German Engineering Orders -8% in Dec-Feb Y/Y (Domestic Orders -6%, Foreign Orders -8%)
German Economic Institutes confirm cutting 2026 and 2027 GDP growth forecasts
ECB's Dolenc says ECB's adverse scenario is more likely to be the next baseline and current baseline is more like the best-case scenario
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This substantial decline suggests weakening demand in the engineering sector, which could impact GDP growth expectations and influence monetary policy discussions within the Eurozone.
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