German Factory Orders drop 0.4% MoM in June vs. -0.8% expected

• German Factory Orders fell 0.4% MoM in June vs. -0.8% expected.

The German Factory Orders dropped in June, suggesting that the manufacturing sector activity in Europe’s economic powerhouse is dwindling.

Contracts for goods ‘Made in Germany’ fell by 0.4% on the month vs. -0.8% expected and -0.2% last, the latest data published by the Federal Statistics Office showed on Thursday.

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