Germany factory orders drops in September

04 November 2011 @ 07:05 am EDT

Germany released the factory orders index for September, where the monthly seasonally adjusted index dropped further in the month by 4.3% from the previous drop of 1.4%, worse than expectations of 0.1%.

Moreover, the non-seasonally adjusted annual index retreated to 2.4% from the revised previous of 4.0% from 3.9%, worse than the expected expansion of 7.5%.

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