German factory orders drop

7th January 2005, Comments 0 comments

7 January 2005, BERLIN - German manufacturing sector orders in November dropped 2.3 percent year on year, amid a decline both in domestic and foreign business, the Economics Ministry in Berlin reported on Friday. However the overall sector was showing "robust" performance, the ministry said. The November drop resulted from a 2.7 percent fall in domestic orders and a 1.9 percent decline in those from abroad. The November figures came after German industry had recorded rises of 0.7 percent and 1.0 percent, r

7 January 2005

BERLIN - German manufacturing sector orders in November dropped 2.3 percent year on year, amid a decline both in domestic and foreign business, the Economics Ministry in Berlin reported on Friday.

However the overall sector was showing "robust" performance, the ministry said.

The November drop resulted from a 2.7 percent fall in domestic orders and a 1.9 percent decline in those from abroad.

The November figures came after German industry had recorded rises of 0.7 percent and 1.0 percent, respectively, in September and October.

In two-month compilations of the orders data, the ministry said German industry booked 0.1 percent higher orders in the October- November period over the previous August-September time frame.

The ministry noted that that rise resulted exclusively from higher domestic order activity, with contracts at home gaining by 1.2 percent in the October-November period, more than compensating for a 1.0 percent drop in foreign orders.

Compared with the October-November 2003 period, orders in those two months last year were 3.2 percent higher, the ministry said.

"The overall order activity trends in industry are comparatively stable. Combined with the clearly higher level of order volume over the previous year, it speaks for a robust industry performance," the Economics Ministry said.

DPA

Subject: German news 

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