Economic Buzz: German Factory Orders Slip Marginally On Year

Germanys factory orders dropped in April, figures from Destatis revealed Thursday. Factory orders slipped 2.5% on month in April, bigger than the revised 1.1% decrease seen in March. The decline was primarily because a 4.8% drop in domestic orders. The foreign orders decreased only 0.8% though. On a yearly basis, factory orders fell marginally by 0.1% in April following Marchs 2.9% spurt.