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New orders in manufacturing in May 2023: +6.4% on the previous month
Real (price adjusted) new orders in manufacturing were up 6.4% in May 2023 month on month after seasonal and calendar adjustment, according to provisional figures of the Federal Statistical Office (Destatis). After revision of the provisional results, new orders in April 2023 increased by 0.2% compared with March 2023 (provisional figure: -0.4%). However, the less volatile three-month on three-month comparison showed that new orders were 6.1% lower in the period from March to May than in the previous three months. New orders excluding large-scale orders were up 3.2% in May 2023 compared with the previous month.Within ... (full story)