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German manufacturing slips 3.9% YoY in July 2023

Other sectors contributing to the overall negative performance include the manufacture of machinery and equipment, which witnessed a *.* per cent decline, the Federal Statistical Office (Destatis) said in a press release.

Domestically, the unfilled orders in July **** shrank by *.* per cent compared to June ****, while foreign orders fell by *.* per cent. A breakdown by producers reveals a decline in stock of orders by *.* per cent for intermediate goods producers, and a considerable decrease of *.* per cent for consumer goods producers.