• German new orders in manufacturing had decreased in July

Market news

6 September 2017

German new orders in manufacturing had decreased in July

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in July 2017 a seasonally and working-day adjusted 0.7% on the previous month. For June 2017, revision of the preliminary outcome resulted in an increase of 0.9% compared with May 2017 (primary +1.0%). Price-adjusted new orders without major orders in manufacturing had increased in July 2017 a seasonally and working-day adjusted 0.6% on the previous month.

In July 2017, domestic orders decreased by 1.6% and foreign orders compared in July 2017 with the previous month. New orders from the euro area were down 1.0%, new orders from other countries increased 0.6% compared to June 2017.

In July 2017 the manufacturers of intermediate goods saw new orders fall by 0.4% compared with June 2017. The manufacturers of capital goods showed decreases of 0.7% on the previous month. For consumer goods, a decrease in new orders of 3.0% was recorded.

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