After revision of the provisional results, new orders in May this year increased by 6.2 per cent compared with April; the provisional figure was 6.4 per cent.
The less volatile quarter on quarter comparison showed that new orders were almost unchanged between April and June—0.2 per cent on the previous quarter.
The drop in orders in March (minus 10.9 per cent) has, therefore, been offset by the sharp increases in May and June.
The overall performance of new orders in June this year was heavily influenced by large-scale orders in several sectors. New orders excluding large-scale orders were down by 2.6 per cent in June compared with May.
Within manufacturing, positive developments can be observed in the individual economic sectors for the most part.
New orders in the capital goods sector were up by 9.9 per cent in June over May. In the intermediate goods sector, new orders rose by 2 per cent, while new orders for consumer goods were up by 7.7 per cent.
Foreign orders rose by 13.5 per cent, with new orders from the euro area increasing by 27.2 per cent. Orders from the rest of the world rose by 5 per cent, while domestic orders declined by 2 per cent.
ALCHEMPro News Desk (DS)
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