Germany factory orders drops in August

06 October 2011 @ 06:34 am EDT

Germany released the factory orders index for August, where the seasonally adjusted monthly index dropped by 1.4% from the revised previous drop of 2.6% from 1.4%, worse than the expected flat reading.

On the other hand, the annual non-seasonally adjusted index expanded by 3.9% from the revised previous expansion of 8.9% from 8.7% below the expectations of 4.7% expansion.

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