6 July 2005, 14:32 German May manufacturing orders up 2.7 pct vs April
German manufacturing orders rose a seasonally adjusted 2.7 pct in May from April, according to preliminary data from the Economy and Labour Ministry.
Economists, on average, had forecast a rise of 1.0 pct.
The ministry said the orders were boosted mainly by a 5.0 pct jump in foreign orders, with domestic orders nudging 0.5 pct higher.
But it said a recovery of domestic demand over the past months is a positive signal, with domestic consumer goods orders rising for an eighth consecutive month in May, up 0.4 pct month-on-month.
On a two-monthly basis, orders dipped a seasonally adjusted 0.2 pct in April and May from February and March, with domestic orders up 0.7 pct and foreign orders down 1.1 pct, the ministry said.
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