German Factory Orders Fell Amid Uncertain Outlook
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German factory orders fell for the first time in three months in November, reflecting a slow recovery of confidence in Europe’s largest economy.
Orders, adjusted for seasonal swings and inflation, slid 2.4 percent after a revised increase of 2.9 percent in October, data from the Economy Ministry in Berlin showed today. Economists predicted a decline of 0.8 percent, according to the median of 24 estimates in a Bloomberg News survey. Orders fell 0.4 percent from a year earlier.