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German Industrial Orders Rose more than Expected in May

BERLIN, July 6 (Reuters) - German industrial orders rose ‌more than expected in May due to large-scale orders.

Industrial orders rose by ​1.9% on the previous month ​on a seasonally and calendar ⁠adjusted basis, the federal statistics ​office said on Monday.

A Reuters poll ​of analysts had pointed to a rise of 1.5%.

When large-scale orders are ​excluded, new orders were 1.0% ​higher than in the previous month.

The less ‌volatile ⁠three-month on three-month comparison showed that new orders in the period from March to May were ​0.2% lower ​than ⁠in the previous three months.

After revision of the ​provisional data, new orders in ​April ⁠decreased by 3.2% on March, less than the 3.8% decrease ⁠of ​the preliminary figure.

Reporting by ​Maria Martinez in Berlin and Tristan Veyet ​in Gdansk, Editing by Miranda Murray

Source: Reuters


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