New orders in Germany’s manufacturing sector increased 3.7% in November 2021 on a monthly basis, according to official data released on Thursday.
Factory orders were also up 1.3% year-on-year in November, the Federal Statistical Office (Destatis) announced.
The recovery came after a strong 5.8% decline in October, the statistical authority said.
“In November 2021 the largest increase in new orders (+32.0%) was recorded in the manufacture of other transport equipment (aircraft, ships, trains etc.) for which extensive major orders were reported,” Destatis said.
Source: Anadolu Agency