On average, analysts expected a contraction limited to 0,5% – The heavy drop in foreign orders, down by 4,5%, was the main factor.
Industrial orders are collapsing in Germany. In September, the figure recorded a decrease of 3,3% compared to the previous month. This was announced by the German Ministry of Economy.
On average, analysts expected a contraction limited to 0,5%. The heavy drop in foreign orders, down by 4,5%, was the most important factor, while domestic orders decreased by 1,8%.
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