According to provisional results of the Federal Statistical Office (Destatis), real (price adjusted) new orders increased by a seasonally and calendar adjusted 10.4% in May 2020 compared with April 2020. Compared with May 2019, the decrease in calendar adjusted new orders amounted to 29.3%. Excluding major orders, real new orders in manufacturing seasonally and calendar adjusted were 8.9% higher than in the previous month.Compared with February 2020, the month before restrictions were imposed due to the corona pandemic in Germany, new orders in May 2020 were 30.8% lower in seasonally and calendar adjusted terms. ... (full story)