Germany's factory orders declined unexpectedly in August as the positive impetus from the frontloading of orders from the U.S. faded, official data revealed, adding woes to the struggling economy.
Manufacturing orders decreased 0.8 percent on a monthly basis, following a 2.7 percent decrease in July, the statistical office Destatis reported Tuesday. This was in contrast to the anticipated increase of 1.2 percent.
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by Renju Jaya
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