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German industrial orders rebound in August but outlook uncertain

German industrial orders rose more than expected in August due to a strong increase in computing, electronic and optical products, but the outlook for the sector remains challenging. Orders rose by 3.9% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Friday. "This means that incoming orders have stabilised after a two-year decline," said Ralph Solveen, chief economist at Commerzbank.
Maria Martinez Christina Fincher Kirsti Knolle Purchasing Manager Index Rachel More Manufacturing Sector
Source: yahoo.com

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