Factory orders in Germany fell unexpectedly in January compared to a month earlier. This is shown by figures from the German Federal Statistical Office.
Orders fell by 2.6 percent on a monthly basis, the strength decline in seven months. In general, economists expected the order intake to plummet by 0.5 percent in the first month of the year. In December there was an increase of 0.9 percent, while a decrease of 1.6 percent had been reported earlier.
On an annual basis German orders fell by 3.9 percent. Here, a drop of 3.2 percent was expected in average.
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