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German Industrial Output Falls Unexpectedly, Orders Plunge

Germany's industrial production declined unexpectedly in January and factory orders reported a double-digit contraction, official data revealed Monday.

Industrial production posted a monthly fall of 0.5 percent in January, which was slower than the 1.0 percent decrease in December, Destatis reported. Output was expected to climb again by 1.0 percent.

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by Renju Jaya

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