The Economy

German Machine-tool Orders Rise in November

Jan. 13, 2014

The manufacture of machine tools is an important part of Germany's industrial and export performance.

FRANKFURT -- Rising export demand boosted Germany's key mechanical engineering sector in November, the VDMA industry federation said on Monday.

The manufacture of machine tools is an important part of Germany's industrial and export performance.

Overall incoming orders were up by 7% in November compared with the level in same month in 2012, with export orders jumping by 12% while domestic orders were down by 1%.

However, taking a three-month comparison to iron out short-term fluctuations, overall orders were down by 3% in the period from September to November, with foreign orders falling by 7%, while domestic orders rose by 5%, VDMA calculated.

Copyright Agence France-Presse, 2014

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