Germany Factory Orders Sink 5.8% In August

Germany's factory orders declined at a faster-than-expected pace in August. Incoming new orders contracted 5.8 percent on a monthly basis in August, reversing July's upwardly revised 3.9 percent expansion. Orders were expected to fall 1.9 percent. Further, this was the steepest decline since January. Excluding large orders, new orders dropped 3.4 percent from July.

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