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German Factory Orders Rebound More Than Expected

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

Germany's factory orders rebounded at a stronger-than-expected pace in August reflecting the robust expansion in demand for computing, electronic and optical products.

Factory orders registered a monthly growth of 3.9 percent, in contrast to the 11.3 percent decrease in July, Destatis reported Friday. Moreover, the rate was much better than economists' forecast of 1.8 percent growth.

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