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New manufacturing sector orders up 12% in August

New orders of manufacturing companies were up 12.0% in August from the same month a year earlier, the Central Statistics Office (KSH) said on Friday.

New export orders were up 14.2%, while new domestic orders fell 1.0%.

New orders in the machinery and equipment segment climbed 51.5% and new orders in vehicle manufacturing were up 29.1%. New orders in the pharmaceutical sector fell by 33.0%.

Total stock of orders was up 12.0% in August from the same month a year earlier. Export order stock was up 13.7% but domestic order stock fell 2.8%.

Order stock in the machinery and equipment segment rose 25.6%. Stock of orders in the vehicle manufacturing segment increased 26.6% and stock was up 67.0% in the pharmaceutical sector.