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Germany’s manufacturing sector saw an 11.7 per cent decline in new orders in July 2023, according to Destatis.
This decline follows a 7.6 per cent surge in June 2023 and varied decreases across sectors and geographies.
Despite this, a three-month comparison showed a 3.1 per cent rise in new orders.
Turnover also decreased by 1 per cent MoM.
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