German Manufacturing Turnover Drops In July

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Wednesday, Germany's Federal Statistical Office announced that the manufacturing turnover decreased a working day adjusted 16.5% year-on-year in July, compared to the 17.7% fall in the previous month.

In July, the domestic turnover decreased 14.5% on an annual basis, while revenue from business with foreign customers dropped 19%.

On an annual basis, manufacturing turnover declined a seasonally and working day adjusted 0.9% in July, compared with a revised 1.1% growth in the previous month.

For the January to July period, the turnover in manufacturing dipped 20.3% compared to the same period of the previous year.

Wednesday, Germany's Federal Statistical Office announced that the manufacturing turnover decreased a working day adjusted 16.5% year-on-year in July, compared to the 17.7% fall in the previous month. (Market News Provided by RTTNews)