DeStatis – Germany: New orders in manufacturing in July 2023 -10.5% year on year

Germany seems to be going from one bad disappointing economic development to the next.

New orders in manufacturing:
July 2023 (in real terms, provisional):
-11.7% on the previous month (seasonally and calendar adjusted)
-10.5% on the same month a year earlier (calendar adjusted)

Read HERE

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