• German factory orders down 7.4% in January

Market news

7 March 2017

German factory orders down 7.4% in January

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in January 2017 a seasonally and working-day adjusted 7.4% on December 2016. For December 2016, they increased by 5.2% compared with November 2016, thus confirming the provisional result published in the previous month. Price-adjusted new orders without major orders in manufacturing had decreased in January 2017 a seasonally and working-day adjusted 2.9% on December 2016.

In January 2017, domestic orders decreased by 10.5% and foreign orders by 4.9% on the previous month. New orders from the euro area were down 7.8% on the previous month, new orders from other countries decreased 2.9% compared to December 2016.

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.