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Germany Industrial Orders Dropped for the third successive month in March


Máj, 07 2018
watermark Economic news

The German Industrial orders contracted unexpectedly in March. This has been the third consecutive drop based on the report released on Monday, reflecting a shift to a slower pace in the upcoming months.

Contracts on local German-made goods slid down by 0.9 percent after a downward revision of 0.2 percent in the month earlier, according to the data from the Federal Statistics Office.

The reading has shifted the poll of Reuters with the forecast of 0.5 percent increase.

The economy ministry said that the sector has somehow lost ground in the first quarter following a good performance in the second six months in 2017.

However, despite the drop in the first quarter of the year, the overall industrial trend has remained to be directed upward, as described by the ministry.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.