German industry orders fall for fifth consecutive month

BERLIN, July 4 (Xinhua) -- Incoming orders in Germany's manufacturing sector fell by 1.6 percent in May compared to the previous month, according to preliminary figures published by the Federal Statistical Office (Destatis) on Thursday. This marked the fifth consecutive decline.

The renewed decrease was attributed to a "noticeable drop in orders from abroad," which fell by 2.8 percent month-on-month, particularl