Industrial orders in Germany rose for the first time in five months

BERLIN. After four months of decline, industrial orders in Germany recorded a recovery in May, with a much higher growth rate than expected

This was demonstrated Thursday by statistics published by the Statistical Office German Destatis

. 2.6%, down 1.6% in April

.It was revised down significantly by about 2.5% after the initial decline. Economists expected orders to increase by 1.1% in May

In particular, domestic demand contributed to the recovery, but the Foreign demand has also increased. Domestic orders increased 4.3% and foreign orders 1.6%, mainly from euro area countries

Industrial orders increased 4.4% year-on-year and recorded significantly faster growth. In April, growth was only 0.8%. Even in this case, the acceleration was more pronounced than economists expected.

The German Ministry of Economy said that the decline in the first four months was due to strong growth in industrial orders in the second half of the year

In addition, the situation early in the year in the global economy in the first quarter and uncertainty about the evolution of international trade