By Gokhan Ergocun
ISTANBUL (AA) – New manufacturing orders in Germany declined 5.7% on a yearly basis in February, according to official data released on Wednesday.
The turnover index was also down by 0.6% compared to February last year, data from the German federal statistical office Destatis showed.
On a monthly basis, factory orders and turnover climbed 4.8% and 1.5%, respectively, in February.
Domestic orders rose by 5.6% and foreign orders by 4.2% versus January.
In January, factory orders in Germany plunged by 12% on a yearly basis, Destatis reported.