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German factory orders decline again in August
Industrial data have been disappointing for months
07 October, 20:24
(ANSA-AP) - BERLIN, 07 OCT - German factory orders, an
important indicator for Europe's biggest economy, dropped for
the second consecutive month in August - led by lower demand
from domestic customers. The Economy Ministry said Monday that
orders were 0.6% lower compared with the previous month. That
followed a 2.1% decline in July. There was a 2.6% drop in orders
from inside Germany, while demand from foreign customers
improved. Orders from other countries in the eurozone rose 1.5%
and those from elsewhere were up 0.4%.
German industrial data have been largely disappointing for
months. The economy contracted slightly in the second quarter
and is widely believed to have shrunk further in the
just-concluded third quarter, which would put it in a technical
recession. (ANSA-AP).
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