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Germany's Manufacturing Turnover Drops In November

Germany's manufacturing turnover declined in November after recovering in the previous month, figures from Destatis showed Monday.

Manufacturing turnover dropped by a seasonally and working-day adjusted 0.4 percent month-on-month in November, reversing a 1.2 percent rise logged in October. In September, the turnover fell 0.2 percent.

Domestic and foreign turnover decreased 0.1 percent and 0.8 percent, respectively, in November from last month.

Sales to EU countries fell 1.8 percent monthly in November, while sales to other foreign countries remained unchanged.

Among sub sectors, the largest decrease was registered by the manufacturers of chemical products, down 3.1 percent. At the same time, manufacturers of motor vehicles and motor vehicle parts logged the highest turnover growth of 5.0 percent.

On an annual basis, manufacturing turnover in real terms, rose a working-day-adjusted 0.2 percent in November. The business with domestic customers fell by 1.0 percent, while foreign turnover gained 1.3 percent.

During January to November, turnover in manufacturing was 2.6 percent above the level of the same period of the previous year.

by RTT Staff Writer

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