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German manufacturing new orders up 1% in June


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German manufacturing new orders up 1% in June

German price-adjusted new orders in manufacturing rose 1.0% in June after seasonal adjustments, provisional data from the Federal Statistics Office showed.

Domestic orders surged by 5.1% while foreign orders fell by 2.0% compared with the previous month.

New orders originating from the eurozone dropped 2.4% while new orders from other countries were down 1.5% compared with May.

Price-adjusted turnover in manufacturing was up 0.3% on the previous month.

A separate report from IHS Markit on Aug. 1 showed the German July manufacturing purchasing managers' index falling to 58.1 from 59.6 in June.