FRANKFURT: German factory orders unexpectedly extended a series of declines in September amid a slump in demand for investment goods in the euro area, highlighting increasing risks for Europe’s largest economy.
Orders, adjusted for seasonal swings and inflation, fell 1.7% from August, when they dropped 1.8%, data from the Economy Ministry in Berlin showed. That's the third consecutive decrease and compares with a median estimate of a 1% gain in a Bloomberg survey. Orders declined 1 % from a year earlier.
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