Ailing eurozone dents German factory orders

12/8/2013 | Bloomberg

A spotty recovery in the eurozone contributed to a sharper-than-expected decline of 2.2% in German factory orders between September and October. "Over the coming months you are unlikely to see a dramatic acceleration in the industrial sector in Germany or in the euro zone. In that sense, we don't expect it to give a major boost to the economy," said Ben May, European economist at Capital Economics in London.

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