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German Factory Orders Undershoot Forecast as Momentum Cools

  • Orders gain 0.2% on month vs. estimated 0.5% increase
  • Domestic demand slumps most in 11 months as export orders jump
Updated on

German factory orders increased less than forecast in July as domestic weakness damped a surge in investment-goods demand from the euro area.

Orders, adjusted for seasonal swings and inflation, rose 0.2 percent from June, when they fell a revised 0.3 percent, data from the Economy Ministry in Berlin showed on Tuesday. The median in a Bloomberg survey was for an increase of 0.5 percent. Orders were down 0.7 percent from a year earlier.