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German Metal and Metal Product Manufacturing Decreased by 1.6 Percent in Feb From Jan

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Core Tip: In February this year, the seasonally and working-day adjusted turnover in the German manufacturing industry decreased by 0.9 percent c

In February this year, the seasonally and working-day adjusted turnover in the German manufacturing industry decreased by 0.9 percent compared to January, according to the preliminary data reported by Germany's Federal Statistical Office (Destatis). The working day adjusted turnover in the German manufacturing sector in February this year increased by 4.9 percent compared to February 2013. Meanwhile, in the first two months of this year, the turnover in the German manufacturing industry increased by 5.5 percent on year-on-year basis.

In February of the current year, the turnover of German metal and metal product manufacturing decreased by 1.6 percent from January, with domestic sales decreasing by 1.4 percent and foreign sales down by 2.1 percent, month on month. In February, an increase of 0.8 percent was recorded in the turnover in manufacture of fabricated metal products in Germany, with domestic sales increasing by 1.7 percent and foreign sales down by 0.8 percent, both compared to the previous month.

 
 
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