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German industrial orders rise less than expected in February


German industrial orders rose in February but less than expected, showing that the weakness in demand in the manufacturing sector continues. New orders increased by 0.2% on the previous month.

German industrial orders rise less than expected in February

The downturn in Germany’s manufacturing sector, which accounts for about a fifth of the country’s economy, continued in March, the manufacturing Purchasing Managers’ Index (PMI) showed. Pic: Reuters

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