Nov. 2 (Bloomberg) -- Growth in German plant and machinery orders slowed in September as domestic demand fell, the VDMA machine-makers’ association said.
Orders, adjusted for inflation, rose 1 percent from a year earlier after increasing an annual 14 percent in August, the Frankfurt-based VDMA said in an e-mailed statement today. Domestic orders declined 2 percent while orders from abroad gained 3 percent. In the three months through September, overall orders climbed 8 percent from the same period a year ago.
“As expected, growth continues to slow,” VDMA chief economist Ralph Weichers said in the statement. “At the same time, the sector still grew in September even amid Europe’s debt crisis.”
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