The Economy

German Manufacturing Orders Rise Sharply In July

Sept. 6, 2005

Orders placed with companies in the German manufacturing sector rose sharply again in July, largely as a result of strong overseas demand for German-made goods, official data showed on Sept. 6. The Economics and Labor Ministry calculated that German manufacturing orders rose by 3.7% in July from June, extending the 2.3% gain seen the previous month. The rise was mainly a result of a large number of big-ticket orders from outside Germany.

Domestic orders slipped by 0.1% in July from June, while foreign orders jumped by 7.7%.

Using a two-month comparison to iron out seasonal fluctuations, pan-German orders rose by 5.4% in June and July combined from the figure for April and May.

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