German construction orders fall for fifth straight month

German construction orders fall for fifth straight month

© Thomas Peter / Reuters

While construction started the year on a strong footing due to an unusually mild winter, orders plunged by 11.9 percent in June and have fallen every month since.

Contracts declined by 1.0 percent in the first 10 months of 2014 compared with the same period last year, Friday's data showed.

(Reporting by Michelle Martin)

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