Germany’s factory orders fall in January
Lower factory orders were attributed to weaker bulk orders as well as the higher number of orders recorded in the previous month, with analysts commenting that is not uncommon for Germany’s factory orders to show significant volatility from month to month.
The data showed that country’s domestic orders decreased 2.5% while export orders slipped 4.8% due to a slump in eurozone orders in January. Orders for investments goods were down 4.2% while consumer item orders declined 0.6%.
On a yearly basis, Germany’s factory orders decreased 0.1% in January.
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