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Germany November industrial orders -5.3% vs -0.5% m/m expected
- Prior +0.8%; revised to +0.6%
German manufacturing orders fell sharply in November, owing to a steep decline in foreign orders (-8.1%) while domestic orders (-1.1%) also fell. Looking at the report details, the drop largely stems from a decrease in capital goods (-8.5%) which can be explained by the development in the economic sectors of machine construction and other vehicle construction.
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Posted: Jan 6 2023, 07:02
Author Name: forexlive
Views: 110717
