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German Factory Orders Unexpectedly Decline for Third Month

  • Demand falls 1.7% in September versus estimated 1% increase
  • Slump exaggerated by drop in bulk orders, ministry says
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German factory orders unexpectedly extended a series of declines in September amid a slump in demand for investment goods in the euro area, highlighting increasing risks for Europe’s largest economy.

Orders, adjusted for seasonal swings and inflation, fell 1.7 percent from August, when they dropped 1.8 percent, data from the Economy Ministry in Berlin showed on Thursday. That’s the third consecutive decrease and compares with a median estimate of a 1 percent gain in a Bloomberg survey. Orders declined 1 percent from a year earlier.