German Manufacturing Orders Rise Sharply In September

Nov. 6, 2005
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 ...

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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