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FILE PHOTO – Employees of German car manufacturer Porsche work on a Porsche 911 at the Porsche factory in Stuttgart-Zuffenhausen, Germany, February 19, 2019. REUTERS/Ralph Orlowski/File Photo
BERLIN (Reuters) – German industrial orders rose less than expected in March after two months of steep declines, data showed on Tuesday, bringing little relief for Europe’s largest economy which is facing a sharp slowdown in growth.
Contracts for ‘Made in Germany’ goods were up 0.6 percent, data from the Federal Statistics Office showed. This undershot a consensus forecast of 1.5 percent.
The reading for February was revised slightly up to a fall of 4.0 percent from a previously reported drop of 4.2 percent.
Reporting by Michael Nienaber; Editing by Thomas Seythal
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