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German Manufacturing Down In September

Drop due to fluctuation in foreign orders for capital goods.

Orders placed with companies in the German manufacturing sector were down in September, after rising sharply the previous month. The Economy Ministry calculated that German manufacturing orders declined by 2.5% in September from the figure for August. The ministry attributed the drop to fluctuations in foreign orders for capital goods.

Overall, export orders slid by 6.2% in September from August, while domestic orders edged up by 1.5% month-on-month.

A sector breakdown showed that orders placed with manufacturers of capital goods fell by 5% on a monthly basis in September and orders for consumer goods slipped by 0.5%. By contrast, orders for semi-finished goods were up by 0.4%.

Using a two-month comparison to iron out seasonal fluctuations, German manufacturing orders increased by 3.4% in August and September combined from the figure for June and July, the ministry said.

Copyright Agence France-Presse, 2006

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