Destatis released its manufacturing turnover data for Germany on Thursday. Manufacturing turnover declined on seasonally adjusted and on adjusted for working days basis by 0.5% in February, after a revised 0.8% rise in January.

Domestic turnover decreased by 0.8% in February, while the business with foreign customers dropped 0.3%.

Sales to euro area countries declined 0.6% in February, while sales to other countries were down 0.1%.

On a yearly basis, real manufacturing turnover in Germany rose on seasonally adjusted and on adjusted for working days basis by 1.3% in February.