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German Factory Orders miss estimates

Adel 6 April, 2022 12:55 pm Market Update

The German Factory Orders declined more than expected in February, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is in the doldrums. Contracts for goods ‘Made in Germany’ dropped by 2.2% on the month vs. -0.2% expected and 1.8% last, the latest data published by the Federal Statistics Office showed on Wednesday.

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