According to data from Destatis,
- New orders in other vehicle construction (aircraft, ships, trains, military vehicles) surged 86.5% in July.
- Orders for the manufacture of electrical equipment jumped 18.6%.
- However, orders across the mechanical engineering sector slid by 6.1%.
- Excluding large orders, incoming orders were down 0.4%.
Looking at the broader sectors of the German economy:
- Orders across the capital goods sector increased by 3.5% in July, while the intermediate goods sector saw orders up 4.4%.
- The consumer goods sector reported a 5.8% fall in new orders.
- Orders from overseas advanced by 5.1%, with orders from within the Eurozone increasing by 5.9%.
- New orders from outside the Eurozone…
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