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German industrial orders go into reverse in October
Supply issues bedevilled industry
06 December, 10:59
(ANSA-AFP) - FRANKFURT AM MAIN, DEC 6 - German industrial
orders dropped significantly in October after a revival in
September, official figures showed Monday, as continuing supply
issues bedevilled industry. The federal statistics office
Destatis calculated that industrial orders in Europe's largest
economy fell by 6.9 percent in October compared with the
previous month, after a small 1.8 percent rise in September. The
indicator, which gives a foretaste of industrial production, was
also down one percent on the previous year, the first annual
fall since September 2020. Orders for capital goods fell 10.7
percent, while those for intermediate goods fell 2.7 percent
compared with the previous month. Only orders of consumer goods
rose, growing 4.3 percent on September. (ANSA-AFP).
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