05 October 2012 15:14 [Source: ICIS news]
In July, orders rose by a downward-revised 0.3% from June.
On a two-month sequential comparison – July-August versus May-June – industrial orders were down 1.2%. Compared with July-August 2011, orders were down 4.7% year on year.
The ministry added that there are currently no indications of a stronger decline in economic activity. It pointed to recent improvements in industry sentiment surveys.
In a separate release,
The Bundesbank said that on a value basis the index was 121.9 in August, up from 121.5 in July. On a volume basis, it was 101.6 in August, compared with 101.5 in July. The index’s base year is 2005.
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