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. This substantial decline suggests weakening demand in the engineering sector, which could impact GDP growth expectations and influence monetary policy discussions within the Eurozone.