January 8, 2020 / 7:10 AM / 2 months ago

German industrial orders fall unexpectedly in November

BERLIN, Jan 8 (Reuters) - German industrial orders fell unexpectedly in November on weak foreign demand, data showed on Wednesday, suggesting that a manufacturing slump will continue to hamper overall growth in Europe’s largest economy.

Contracts for ‘Made in Germany’ goods decreased by 1.3% from the previous month, the Statistics Office said. That confounded the Reuters consensus forecast for a 0.3% rise.

The reading for October was revised up to a rise of 0.2% from a previously reported fall of 0.4%. (Reporting by Michael Nienaber Editing by Michelle Martin)

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