Factory orders in Germany continue their decline

Source: Bloomberg
© scanpix/RS
Germany's factory orders decreased unexpectedly in February, adding concerns that the European economy is still far from a recovery. Factory orders for February dropped 0.9% on a monthly basis, defying economists' expectations for a 1.5% gain. Meanwhile, in January the orders posted a 2.6% fall, which was revised from a 3.9% decrease.
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