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German Factory Orders Improve On Domestic Demand

Germany’s factory orders growth accelerated in February driven solely by higher demand from the domestic market, data from Destatis showed on Thursday. Factory orders grew 1.2 percent month-on-month in February, as expected, and faster than the 0.8 percent increase in January. Excluding major orders, new orders in manufacturing were 1.5 percent higher than in the previous month.
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