German Manufacturing Orders Rise Strongly In February

Large export orders pushed up market

Orders placed with companies in the German manufacturing sector rose sharply in February on the back of an unusually large number of big-ticket export orders, official data showed on April 4.

The Economy Ministry in Berlin calculated that German manufacturing orders jumped by 3.9% in February from the figure for January, after slipping by 0.3% the previous month.

The ministry attributed the rise to a sharp increase in big-ticket orders from abroad. Export orders were up by 6.8% in February from January, while domestic orders rose by a more modest 0.9% month-on-month.

A sector breakdown showed that orders placed with manufacturers of capital goods shot up by 6.9% on a monthly basis in February. Orders for manufacturing goods were up by 0.7% and orders for semi-finished goods edged up by 0.8%.

Using a two-month comparison to iron out seasonal fluctuations, German manufacturing orders increased by 1.9% in January and February combined from the figure for November and December, the ministry said.

Copyright Agence France-Presse, 2007

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