• German factory orders disappoint again, raising concerns

    12 days ago - By Chron

    BERLIN - German factory orders have dropped for the fourth month in a row, raising concerns that growth is slowing in Europe's largest economy.
    The Economy Ministry said Thursday that orders were down 2.5 percent in April over March, with particularly sharp drops in domestic orders and from within the eurozone, according to seasonally and calendar adjusted figures.
    ING economist Carsten Brzeski said he remains "cautiously optimistic" but that it's getting "harder and harder to explain these monthly drops with one-offs like weather or the timing of vacation."
    He says "in fact, evidence is...
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