German manufacturing industry sees rise in new orders in September

By Gokhan Ergocun

ISTANBUL (AA) - New orders in the German manufacturing industry were up 4.2% on a monthly basis in September, the federal statistical authority Destatis said Wednesday.

In August, new orders posted a monthly decline of 5.4%, Destatis said.

The jump in new orders in manufacturing in September stemmed from substantial growth in the transport equipment sector (aircraft, ships, trains, military vehicles).

"Due to several large-scale orders, new orders in this sector more than doubled (+117.1%) from the previous month," it added.

The rise in new orders in the automotive industry (+2.9%) also contributed to the increase in the month, while declines were seen in the manufacture of basic metals (-10%) as well as machinery and equipment (-3.6%).

On a yearly basis, new orders rose 1% in September after a 3.4% decline in August.