• German price-adjusted new orders in manufacturing had increased in July 2016

Market news

6 September 2016

German price-adjusted new orders in manufacturing had increased in July 2016

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in July 2016 a seasonally and working-day adjusted 0.2% on June 2016. For June 2016, revision of the preliminary outcome resulted in a decrease of 0.3% compared with May 2016 (primary -0.4%). Price-adjusted new orders without major orders in manufacturing had decreased in July 2016 a seasonally and working-day adjusted 1.3% on June 2016.

In July 2016, domestic orders decreased by 3.0%, while foreign orders increased by 2.5% on the previous month. New orders from the euro area were up 5.9% on the previous month and new orders from other countries increased by 0.6% compared to June 2016.

In July 2016 the manufacturers of intermediate goods saw new orders unchanged in real terms adjusted for seasonally fluctuations and working-day variations compared with June 2016. The manufacturers of capital goods showed increases of 0.8% on the previous month. For consumer goods, a decrease in new orders of 4.3% was recorded.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.