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Germany factory orders dropped in August
Factory orders in Germany declined by 10.6% in August, with a decrease in demand for transportation equipment manufacturing. This followed a 3.2% increase in July, and the expected decline was 0.9%. Excluding large orders, which fell by 0.1% compared to July. External orders decreased by 5.4%, while domestic orders dropped by 17.3%. Year over year, order growth slowed to 2.7% from 14% in July, reflecting a slowdown in Germany's industrial activity.
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