German industrial orders grow in May, reversing trend

2022.07.06 09:36

FILE PHOTO: A steel worker of Germany’s industrial conglomerate ThyssenKrupp AG stands a mid of emitting sparks of raw iron from a blast furnace at Germany’s largest steel factory in Duisburg, Germany. REUTERS/Wolfgang Rattay

BERLIN (Reuters) – German industrial orders grew in May, beating expectations and reversing the trend after three consecutive months of decline, data showed on Wednesday.

Orders for industrial goods increased by 0.1% on the month in seasonally adjusted terms after an upwardly revised decline of 1.8% in April, figures from the Federal Statistical Office showed.

A Reuters poll of analysts had pointed to a decrease of 0.6% on the month in May.

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