India, April 4 -- Germany factory orders stagnated unexpectedly in February even though US importers brought forward imports to beat the impending tariffs.
New orders in the manufacturing sector remained unchanged in February, reversing a 5.5 percent drop in January, Destatis reported Friday. Orders were forecast to grow 3.4 percent.
Excluding large orders, new orders were 0.2 percent lower than in the previous month.
Foreign orders increased 0.8 percent driven by higher demand from economies outside euro area.
Orders from the euro area fell 3.0 percent, while demand from outside the eurozone rose 3.4 percent. Meanwhile, domestic orders decreased 1.2 percent.
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