Economics
German Manufacturing Orders Decline on Geopolitical Risks
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German factory orders fell more than economists expected in May as geopolitical risks weighed on confidence in the strength of Europe’s largest economy.
Orders, adjusted for seasonal swings and inflation, fell 1.7 percent from April, when they rose a revised 3.4 percent, the Economy Ministry in Berlin said today. Economists forecast a decline of 1.1 percent, according to the median of 30 estimates in a Bloomberg News survey.