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Germany Factory Orders Fall Most Since Onset Of Pandemic

Por: RTTNews Business May 05, 2023

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German factory orders posted the biggest decline since the onset of the pandemic in 2020, suggesting that manufacturing weighed on the economic activity in the first quarter.Factory orders decreased by a more-than-expected 10.7 percent month-on-month in March, offsetting the revised 4.5 percent increase in February, data released by Destatis showed on Friday. Orders were forecast to drop moderately by 2.2 percent. Excluding large-scale orders,... + full article



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