07 July 2009 15:02 [Source: ICIS news]
TORONTO (ICIS news)--German industrial orders rose 4.4% in May from April, marking the third sequential increase in orders, the country’s economics ministry said on Tuesday.
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The improvement in May was driven by both domestic and export orders, and it covered many of the main industrial sectors, it said.
On a two-month sequential comparison – April/May compared with February/March – orders rose 4.2%.
However, compared with April/May of 2008, orders were down 33.5%, the ministry said.
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