Germany’s manufacturing turnover declines by 1.1% in March
Destatis released its manufacturing turnover data for Germany on Wednesday. Manufacturing turnover declined on seasonally adjusted and on adjusted for working days basis by 1.1% in March, after a 0.2% fall in February. February's figure was revised down up a 0.5% decrease.
Domestic turnover decreased by 1.3% in March, while the business with foreign customers dropped 0.8%.
Sales to euro area countries fell 0.5% in March, while sales to other countries were down 1.1%.
On a yearly basis, real manufacturing turnover in Germany was up on adjusted for working days basis by 0.7% in March, after a 1.8% rise in February.
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