German factory orders fell −3.8% in April, nearly double the −2.2% consensus and all of March's gain reversed in one print. The Sentix Expectations sub-index jumped from −11.3 to −6.5, its sharpest monthly move of the year, with the ECB's June 11 decision three days out.
German factory orders fell more than expected in April, erasing most of March's rebound and raising fresh concerns over a potential Q2 contraction in Europe's largest economy. Source
