Ger­man fac­tory or­ders slide 7.4pc

New Straits Times - - Business World -

Ger­man fac­tory or­ders plunged at the steep­est pace in eight years as de­mand for in­vest­ment goods eroded. Or­ders, ad­justed for sea­sonal swings and in­fla­tion, fell 7.4 per cent from De­cem­ber, when they in­creased 5.2 per cent, data from the Econ­omy Min­istry, here, showed yes­ter­day. That’s the big­gest drop since Jan­uary 2009.

The typ­i­cally volatile read­ing com­pares with a me­dian es­ti­mate for a 2.5 per cent de­cline in a Bloomberg sur­vey. Or­ders were down 0.8 per cent from a year ear­lier.

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