German factory orders decline in May

Source: Bloomberg
© Scanpix/Reuters
The total number of factory orders in Germany dropped in May of this year, as producers adjust their expectations amid uncertainty with geopolitical risks. Despite a sanctions to Russia, German export still depends on this country. Orders, in turn, decline 1.7% on a monthly basis, after a 3.4% increase in April. At the same time, analysts predicted the indicator to decrease only 1.1%.
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