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German May manufacturing orders revised down

BERLIN, July 22 (Reuters) - German manufacturing orders for May were revised down as domestic demand turned out to be weaker than originally estimated, Bundesbank data showed on Tuesday.

The data showed orders overall fell 2.6 percent month on month compared with an originally estimated decline of 2.2 percent, led by a 5.1 percent decline in foreign demand.

Domestic orders were revised to show a 0.3 percent fall in the month from an initially reported 0.2 percent rise.

According to the Federal Statistics Office, revisions were particularly strong for consumer goods, changed to show a decline of 1.2 percent in the month from a rise of 1.6 percent.

Domestic orders for consumer goods fell 2.6 percent compared with an originally reported fall of 0.7 percent, while foreign orders were revised down to plus 1.3 percent month on month from plus 5.7 percent.

Estimates of orders for intermediate goods, capital goods and durable consumer goods were also all revised lower.

A Bundesbank breakdown covering key manufacturing sectors showed the drop in orders becoming dramatic in some industries.

Only automobile manufacturers and suppliers posted a month on month rise in orders in May, although orders were still below year-earlier levels.

Orders of machinery fell to their lowest level since November 2001. Chemical industry orders were at their lowest level since December 2001.