German Manufacturing Turnover Falls In May

German manufacturing turnover dipped 0.9 percent month-on-month in May after adjusting to seasonal and working day variations, the Federal Statistical Office said Friday.

This followed a revised 0.9 percent monthly gain in April. Domestic turnover decreased 0.7 percent on a monthly basis, while business with foreign customers fell 1.3 percent.

Manufacturing sales to euro area countries were 0.2 percent above previous month’s level, while sales to countries other than the euro-currency bloc went down 2.5 percent.

Year-on-year, turnover in manufacturing grew 6.3 percent in May after adjusted for working-day variations. Domestic sales climbed 6.6 percent, while overseas sales rose 5.8 percent.

http://www.rttnews.com/Content/EuroEconomicNews.aspx?Id=1661637&SM=1

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