German factory orders deteriorate in July

Source: WBP Online
Factory orders in the Euro zone's biggest economy plunged in July, witnessing a bigger than expected fall, as the official report revealed on Friday. German industrial orders fell 1.4% in the seventh moth of the year, while economists expected the a 0.6% decrease. In the previous month the revised gauge rose 1.8%. On a yearly basis, the number of orders declined 0.6% in July.   

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