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German Factory Orders Growth Exceeds Expectations

Por: RTTNews Business July 06, 2023

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Germany's factory orders logged a much faster than expected growth in May driven by the surge in demand for volatile 'other transport equipments', official data revealed Thursday.Elsewhere, a private survey showed that the German construction sector contracted the most since February 2021 as higher interest rates and economic uncertainty weighed on demand.Factory orders advanced 6.4 percent on a monthly basis in May, following a... + full article



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