After factory orders fell in March, manufacturing numbers should be under pressure to ease concerns about the German economy, but according to Destatis, production of motor vehicles and parts fell 6.5 percent in March, following a 6.9 percent jump in April. reversed the
There was also a significant decline in machinery and equipment manufacturing, and production in industry excluding energy fell to 3.3 percent in March.
In fact, the impact of the Ukraine war on energy prices and industrial sectors was still evident, and in March, production fell from 12.9 percent to 3.3 percent.
However, the decline in new orders and the reluctance to invest have created a gloomy outlook for the European economy.
From the point of view of technical analysis, the euro is forming an anti nen star harmonic pattern after the formation of the Gartley harmonic pattern, and as long as the high support rate is 1.1030, it can increase in an upward rally to the resistance of 1.1128.
There was also a significant decline in machinery and equipment manufacturing, and production in industry excluding energy fell to 3.3 percent in March.
In fact, the impact of the Ukraine war on energy prices and industrial sectors was still evident, and in March, production fell from 12.9 percent to 3.3 percent.
However, the decline in new orders and the reluctance to invest have created a gloomy outlook for the European economy.
From the point of view of technical analysis, the euro is forming an anti nen star harmonic pattern after the formation of the Gartley harmonic pattern, and as long as the high support rate is 1.1030, it can increase in an upward rally to the resistance of 1.1128.