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German Factory Orders Slump Adds To Recession Concerns

Por: RTTNews Business September 06, 2023

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Germany's manufacturing sector orders decreased in double-digits on a monthly basis in July, which was much more than forecast, largely due to a big order for air and spacecraft in the previous month, and added fuel to worries that the biggest euro area may be headed for a recession.Factory orders fell a calendar-and-seasonally adjusted 11.7 percent in July, preliminary data from Destatis showed Wednesday. This was much worse than the 4... + full article



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