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German manufacturing orders plunge 11.7% in July 2023

The less volatile three-month comparison from May to July **** indicated a *.* per cent rise in new orders over the prior three months. When excluding large-scale orders, the figures showed a modest *.* per cent increase in July **** compared to June ****.

Notably, the presence of a large-scale order in June **** led to a staggering **.* per cent decrease in new orders in this category in July ****. In June, these orders had risen by **.* per cent compared to May ****, as per Detstatis.