Orders to German factories declined in June

Source: Bloomberg

German factory orders fall more-than-expected in June, as the number of goods, sold to Eurozone's countries tumbled. Orders dropped 1.7 per cent in June, after rising 0.7 in May.  Report proves that Eurozone's largest economy is decelerating, hit by global economic slowdown.  The demand for German goods eroded, with orders from the Eurozone erasing 4.9 per cent, while domestic orders declined by 2.1 per cent.

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