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Investing.com -- German industrial orders fell by 1.4% in May compared to the previous month on a seasonally and calendar adjusted basis, according to official data released Friday.
The decline was larger than expected and primarily attributed to a substantial 17.7% month-on-month decrease in orders in the computer, electronic and optical products sector.
This sector had recorded several large-scale orders in April, creating a one-off effect that impacted May’s figures.
Strong decreases were also seen in the electrical equipment and basic metals sectors, contributing to the overall decline.
Foreign orders rose by 2.9% on the month, with mixed results by region. Orders from the euro zone decreased by 6.5%, while orders from outside the euro area increased by 9.0%.
Domestic orders showed particular weakness, falling by 7.8% on the month, according to the statistics office.
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