German Manufacturing Orders Rise Sharply In September

Orders placed with companies in the German manufacturing sector rose sharply in September, largely as a result of big-ticket orders from outside Germany, official data showed on Nov. 4.

The Economics and Labor Ministry calculated that German manufacturing orders rose by 2.8% in Sept. from August, partially making good the 3.8% drop seen the previous month. The rise -- which outpaced analysts' forecasts for an increase of just 1.0%t -- was mainly a result of a strong overseas demand for German-made goods, the ministry said.

Foreign orders jumped by 5.2%, while domestic orders were up by a much more modest 0.4 % in Sept. from August.

Using a two-month comparison to iron out seasonal fluctuations, pan-German orders slipped by 0.4% in August and Sept. combined from the figure for June and July.

Copyright Agence France-Presse, 2005

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