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German construction orders fall for 4th consecutive month

[BERLIN] German construction orders fell 2.4 per cent on the year in September, their fourth consecutive monthly fall, and orders for the first nine months of 2014 were down 0.6 per cent on the same period a year earlier, Statistics Office data showed on Monday.

Construction had a strong start to the year thanks to an unusually mild winter, but orders plunged 11.9 per cent in June and have fallen every month since, though the rate of decline has slowed.

REUTERS