German industrial orders fell unexpectedly in May, a fifth consecutive drop that adds to signs that manufacturing in Europe's largest economy will not recover in the coming months. Orders were down by 1.6% on the previous month on a seasonally and calendar-adjusted basis, the federal statistics office said on Thursday. Analysts polled by Reuters had expected a rise of 0.5%. Excluding large-scale orders, new orders fell by 2.2% in May compared with the previous month. The three-month comparison showed orders from March to May were 6.2% lower than the previous three months, due in part to a large-scale order. "The ... (full story)