Germany's Factory Orders Drop 5.7% in February
TEHRAN (ANA)- New manufacturing orders in Germany declined 5.7% on a yearly basis in February, according to official data.
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.
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