International Economic
German factory orders plummet in January
By Abigail Townsend
Date: Thursday 07 Mar 2024
(Sharecast News) - German factory orders plunged in January, official data showed on Thursday, falling by far more than expected.
According to Destatis, the Federal Statistics Office, price-adjusted new orders tumbled 11.3% on December, when they jumped by an upwardly revised 12%. Most analysts had been anticipating a 6% decline.
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