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German Factory Orders Unexpectedly Fall Amid Economic Risks

  • August orders drop 1.8% versus estimate for 0.5% increase
  • Euro region a bright spot with 2.5% increase in demand
Bloomberg business news

The Economic Engine of Europe Slows Down

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German factory orders unexpectedly fell in August in a sign that Europe’s largest economy is vulnerable to weaker growth in China and other emerging markets.

Orders, adjusted for seasonal swings and inflation, dropped 1.8 percent after decreasing a revised 2.2 percent in July, data from the Economy Ministry in Berlin showed on Tuesday. The typically volatile number compares with a median estimate of a 0.5 percent increase in a Bloomberg survey. Orders rose 1.9 percent from a year earlier.