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Economy And The Numbers

German Factory Orders Unexpectedly Strengthen

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Germany's factory orders unexpectedly expanded in January on strong foreign demand for aircraft and spacecraft construction and automobile engines, figures from Destatis revealed on Tuesday.

Factory orders grew 1.0 percent in January from December, confounding expectations for a decline of 0.9 percent. Nonetheless, the pace of growth eased from December's revised 3.4 percent expansion.

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