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German Machine Orders Fell in January as Domestic Demand Waned

March 1 (Bloomberg) -- German plant and machinery orders declined for a third month in January, reflecting weaker domestic demand, the VDMA machine-makers’ association said.

Orders, adjusted for inflation, fell 6 percent from a year earlier after declining an annual 10 percent in December, the Frankfurt-based VDMA said in an e-mailed statement today. Domestic orders fell 9 percent, while export orders slipped 4 percent. In the three months through January, orders fell 9 percent compared to the same period a year ago.

“There are signs that orders are stabilizing,” VDMA chief economist Ralph Wiechers said in the statement. “That doesn’t mean there won’t be negative numbers in the coming months.”

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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