Financial Times FT.com

German manufacturing orders collapse

BERLIN, Dec 5 - German manufacturing orders plunged in October after a record decline the previous month, pointing to a deepening recession in Europe’s biggest economy.

Orders fell 6.1 per cent in October, led by a sharp downturn in demand from Germany’s euro zone trading partners, preliminary economy ministry data showed on Friday. Economists had forecast a rise of 0.4 per cent in a Reuters poll.

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