German Manufacturing Turnover Drops Again In August

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Friday, according to Federal Statistical Office, turnover in the German manufacturing sector dropped by a real 16.4% in August compared to an annual fall of 16.7% in July. Domestic turnover decreased 14.7% and revenue from foreign customers were down 18.5%.

Month-on-month, real turnover in manufacturing increased 2.6%, following July's revised 0.5% fall. Domestic and foreign turnover increased 2.2% and 3.2%, respectively.

Manufacturing turnover for January to August period was 19.9% below the level of the same period of the previous year.

Friday, according to Federal Statistical Office, turnover in the German manufacturing sector dropped by a real 16.4% in August compared to a 16.7% fall in July. (Market News Provided by RTTNews)