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flag German industrial orders unexpectedly dropped 2.9% in July, driven by a decline in large-scale orders.

flag German industrial orders fell by 2.9% in July, lower than the predicted 0.5% increase. flag This decline was largely due to a significant drop in large-scale orders, especially in the transport equipment sector, including aircraft and ships. flag Excluding these large orders, new orders saw a 0.7% increase from the previous month. flag Despite the drop, the three-month average for new orders showed a 0.2% increase.

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