Plus   Neg

German Manufacturing Turnover Rebounds In June

German manufacturing sector turnover recovered in June, a report from German statistical office DESTATIS showed Friday.

Manufacturing turnover increased by a seasonally and working day adjusted 0.4 percent month-over-month in real terms in June. This followed a revised 1.1 percent drop in May.

International sales rose 0.7 percent while domestic sales fell 0.1 percent in June.

On a year-over-year basis, manufacturing turnover rose 2.3 percent in June. Domestic sales grew 0.6 percent and international sales increased 4.1 percent.

In the January to June period, manufacturing sales climbed 3.3 percent year-over-year.

A separate report showed that the number of business insolvencies reported in local courts in Germany fell 14.6 percent year-over-year to 1,932 in May. The number last increased in October 2012.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
PG&E agreed to pay around $13.5 billion to settle all individual claims related to California wildfires, due to which the electric utility had to file for bankruptcy. With the Bankruptcy Court's approval of the settlement agreement, PG&E hopes to emerge from Chapter 11 by the June 30, 2020 deadline to participate in the State of California's go-forward wildfire fund. Airbnb has introduced few new rules to control parties and nuisances amidst the backlash the service received after the Halloween shooting at an Airbnb rental in a San Francisco. San Francisco-based Airbnb said it is banning "open invite" parties at all of its accommodations. The company is also banning... The U.S. Food and Drug Administration has approved three generic versions of Novartis' Gilenya capsule for treating relapsing forms of multiple sclerosis. "Approving safe and effective generics so patients have more treatment options continues to be a priority for the FDA," said Janet Woodcock, director...
Follow RTT