New
orders were down by 0.2% month on month on a seasonally and
calendar-adjusted basis. Economists polled by Reuters had
expected a rise of 0.5%.
"The negative trend that has persisted since the beginning of
the year is thus continuing, albeit at a much slower pace," said
the economy ministry.
However, excluding the often highly volatile large-scale orders,
April orders were up 2.9% on the month.
"Together with the more positive sentiment indicators, this
gives hope that the downward trend that has persisted for more
than two years is coming to an end," said Commerzbank economist
Ralph Solveen.
The ministry also referred to improved sentiment indicators,
"which should also lead to a trend reversal in incoming orders."
(Reporting by Rene Wagner, Marleen Kaesebier and Mateusz
Dobrzyniewski, writing by Miranda Murray, editing by Thomas
Seythal)
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