Economic Buzz: German Factory Orders Drop 0.9% On Month In March

German factory orders dropped 0.9 percent month-on-month in March, bigger than the revised 0.2 percent decrease in February, figures from Destatis revealed Monday. Orders were expected to climb 0.5 percent. Excluding major orders, new orders decreased 0.1 percent on month in March. On a yearly basis, growth in factory orders rose slightly to 3.1 percent from 3 percent in February.